Shore Capital Group Reaffirms “Buy” Rating for Softcat (LON:SCT)

Softcat (LON:SCT)‘s stock had its “buy” rating reissued by analysts at Shore Capital Group in a research report issued to clients and investors on Thursday,London Stock Exchange reports.

Separately, JPMorgan Chase & Co. upgraded Softcat to an “overweight” rating and lifted their price target for the company from GBX 2,820 to GBX 2,950 in a research report on Thursday, December 4th. Six investment 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,910.

Softcat Price Performance

Shares of Softcat stock traded down GBX 10 during trading on Thursday, hitting GBX 1,246. The stock had a trading volume of 46,924,363 shares, compared to its average volume of 4,152,085. The company has a current ratio of 1.28, a quick ratio of 1.38 and a debt-to-equity ratio of 10.39. Softcat has a 12 month low of GBX 1,083 and a 12 month high of GBX 1,960. The firm has a market cap of £2.45 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 11.51 and a beta of 0.62. The business’s 50-day moving average is GBX 1,260.17 and its 200 day moving average is GBX 1,424.14.

Softcat (LON:SCT) last posted its earnings results on Wednesday, March 18th. The company reported GBX 36.10 EPS for the quarter. Softcat had a return on equity of 42.93% and a net margin of 9.12%. As a group, sell-side analysts anticipate 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. 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.