Softcat plc (LON:SCT) Receives GBX 1,957 Consensus Target Price from Analysts

Softcat plc (LON:SCT) has received an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 1,957.

Several brokerages have recently issued reports on SCT. Royal Bank Of Canada downgraded shares of Softcat to a “neutral” rating and raised their price objective for the stock from GBX 1,550 to GBX 1,950 in a research note on Monday, June 15th. Berenberg Bank upped their target price on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,700 price target on shares of Softcat in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Shore Capital Group restated a “buy” rating on shares of Softcat in a report on Thursday, March 19th.

Insiders Place Their Bets

In other news, insider Kathryn Mecklenburgh purchased 7,352 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were purchased at an average cost of GBX 1,365 per share, for a total transaction of £100,354.80. Insiders bought 31,850 shares of company stock worth $42,677,746 over the last 90 days. 2.91% of the stock is owned by company insiders.

Softcat Stock Performance

Shares of LON SCT opened at GBX 1,952 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07. The business’s 50 day moving average is GBX 1,643.27 and its two-hundred day moving average is GBX 1,411.82. The company has a market cap of £3.83 billion, a P/E ratio of 27.85, a P/E/G ratio of 11.51 and a beta of 0.58. Softcat has a 12 month low of GBX 1,083 and a 12 month high of GBX 1,965.

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.