Softcat (LON:SCT) Lowered to Neutral Rating by Royal Bank Of Canada

Softcat (LON:SCT) was downgraded by equities research analysts at Royal Bank Of Canada to a “neutral” rating in a report issued on Monday,London Stock Exchange reports. They presently have a GBX 1,950 price objective on the stock, up from their prior price objective of GBX 1,550. Royal Bank Of Canada’s price target points to a potential upside of 9.00% from the stock’s current price.

A number of other research firms have also recently commented on SCT. Berenberg Bank upped their price target on Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft upped their price target on Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Shore Capital Group restated a “buy” rating on shares of Softcat in a report on Thursday, March 19th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 1,700 target price on shares of Softcat in a research report on Wednesday, May 27th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,957.

Softcat Trading Up 0.5%

Shares of Softcat stock traded up GBX 9 during trading hours on Monday, hitting GBX 1,789. The company’s stock had a trading volume of 828,130 shares, compared to its average volume of 2,426,966. The firm has a fifty day moving average of GBX 1,489.18 and a 200-day moving average of GBX 1,374.22. Softcat has a twelve month low of GBX 1,083 and a twelve month high of GBX 1,960. The company has a debt-to-equity ratio of 13.07, a quick ratio of 1.38 and a current ratio of 1.25. The stock has a market cap of £3.51 billion, a price-to-earnings ratio of 25.52, a P/E/G ratio of 11.51 and a beta of 0.58.

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

Insider Transactions at Softcat

In related news, insider Kathryn Mecklenburgh purchased 24,461 shares of Softcat stock in a transaction dated Thursday, April 23rd. The stock was bought at an average cost of GBX 1,332 per share, for a total transaction of £325,820.52. Insiders have bought 31,850 shares of company stock valued at $42,677,746 over the last three months. Company insiders own 2.91% of the company’s stock.

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. 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.