Softcat (LON:SCT) Earns “Buy” Rating from Peel Hunt

Softcat (LON:SCT)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a report released on Tuesday, Marketbeat Ratings reports. They presently have a GBX 2,135 price target on the stock. Peel Hunt’s price objective would indicate a potential upside of 50.46% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. Liberum Capital raised shares of Softcat to a “buy” rating and set a GBX 1,800 price objective on the stock in a research note on Thursday, July 24th. Shore Capital restated a “buy” rating and set a GBX 1,925 price target on shares of Softcat in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Softcat to a “buy” rating and upped their price objective for the stock from GBX 1,830 to GBX 1,900 in a research report on Thursday, October 23rd. Jefferies Financial Group raised their target price on Softcat from GBX 1,400 to GBX 1,450 and gave the company an “underperform” rating in a research report on Thursday, October 23rd. Finally, Citigroup reduced their price target on Softcat from GBX 2,000 to GBX 1,960 and set a “buy” rating for the company in a report on Tuesday, August 19th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Softcat has an average rating of “Hold” and a consensus price target of GBX 1,769.89.

Softcat Stock Performance

SCT traded down GBX 31 during midday trading on Tuesday, hitting GBX 1,419. 19,826,404 shares of the company were exchanged, compared to its average volume of 957,835. The company’s 50 day simple moving average is GBX 1,565.67 and its 200 day simple moving average is GBX 1,649.58. The firm has a market capitalization of £2.83 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat has a 1-year low of GBX 1,417 and a 1-year high of GBX 1,960. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48.

Softcat (LON:SCT) last issued its earnings results on Wednesday, October 22nd. The company reported GBX 69.50 EPS for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. As a group, sell-side analysts predict that Softcat will post 60.72 earnings per share for the current year.

Softcat Company Profile

Softcat plc operates as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, procures, designs, implements, and manages technology, such as software licensing, workplace technology, networking, security, and cloud and datacenter for businesses and public sector organizations.