Softcat plc (LON:SCT) Receives GBX 1,902.22 Consensus PT from Brokerages

Shares of Softcat plc (LON:SCT) have earned an average rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,902.22.

A number of research firms have recently weighed in on SCT. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,135 target price on shares of Softcat in a research report on Tuesday, November 18th. JPMorgan Chase & Co. raised shares of Softcat to an “overweight” rating and raised their target price for the company from GBX 2,820 to GBX 2,950 in a research note on Thursday, December 4th.

Insiders Place Their Bets

In other news, insider Graham Charlton sold 15,919 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of GBX 1,456, for a total transaction of £231,780.64. Also, insider Graeme Watt sold 20,213 shares of Softcat stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of GBX 1,429, for a total value of £288,843.77. In the last quarter, insiders have acquired 47 shares of company stock valued at $59,452 and have sold 46,069 shares valued at $66,262,414. 2.87% of the stock is currently owned by insiders.

Softcat Price Performance

Shares of SCT stock opened at GBX 1,133 on Thursday. The business’s fifty day moving average is GBX 1,357.14 and its 200 day moving average is GBX 1,478.02. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48. The stock has a market cap of £2.24 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 11.51 and a beta of 0.71. Softcat has a twelve month low of GBX 1,106.70 and a twelve month high of GBX 1,960.

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.