Softcat plc (LON:SCT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Softcat plc (LON:SCT) have been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,908.89.

Several research firms recently weighed in on SCT. Berenberg Bank restated a “buy” rating and issued a GBX 1,900 price objective on shares of Softcat in a report on Thursday, March 19th. Jefferies Financial Group dropped their target price on shares of Softcat from GBX 1,500 to GBX 1,210 and set a “hold” rating on the stock in a report on Thursday, March 19th. Finally, Shore Capital Group restated a “buy” rating on shares of Softcat in a report on Thursday, March 19th.

Insider Transactions at Softcat

In other Softcat news, insider Kathryn Mecklenburgh acquired 24,461 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The shares were bought at an average cost of GBX 1,332 per share, with a total value of £325,820.52. Insiders have purchased 31,834 shares of company stock worth $42,647,394 over the last 90 days. Company insiders own 2.89% of the company’s stock.

Softcat Trading Up 0.3%

SCT opened at GBX 1,381 on Friday. The stock’s fifty day moving average is GBX 1,257.31 and its two-hundred day moving average is GBX 1,347.48. The company has a market capitalization of £2.71 billion, a P/E ratio of 19.70, a PEG ratio of 11.51 and a beta of 0.53. Softcat has a 52 week low of GBX 1,083 and a 52 week high of GBX 1,960. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07.

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