Jefferies Financial Group Cuts Softcat (LON:SCT) Price Target to GBX 1,210

Softcat (LON:SCT) had its price target trimmed by Jefferies Financial Group from GBX 1,500 to GBX 1,210 in a research report report published on Thursday, MarketBeat.com reports. The firm currently has a hold rating on the stock.

Several other equities analysts have also issued reports on SCT. JPMorgan Chase & Co. raised Softcat to an “overweight” rating and upped their price target for the company from GBX 2,820 to GBX 2,950 in a research note on Thursday, December 4th. Shore Capital Group reissued a “buy” rating on shares of Softcat in a report on Thursday. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 1,908.89.

Softcat Stock Performance

Shares of Softcat stock opened at GBX 1,234 on Thursday. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. The firm has a 50 day simple moving average of GBX 1,250.85 and a 200 day simple moving average of GBX 1,419.10. Softcat has a fifty-two week low of GBX 1,083 and a fifty-two week high of GBX 1,960. The firm has a market cap of £2.42 billion, a P/E ratio of 18.64, a P/E/G ratio of 11.51 and a beta of 0.60.

Softcat (LON:SCT) last posted its quarterly earnings data on Wednesday, March 18th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. Softcat had a return on equity of 45.16% and a net margin of 8.06%. Sell-side analysts predict that Softcat will post 60.72 earnings per share for the current fiscal year.

About Softcat

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. It also offers public cloud, collaboration, connectivity, data centre and private cloud, devices, and financial solution services. In addition, the company provides IT asset management, lifecycle solutions, modern management, security, software licensing, supply chain operation, and virtual desktop and application.