Softcat plc (LON:SCT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Softcat plc (LON:SCT) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 1,957.78.

SCT has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Softcat from GBX 1,700 to GBX 1,800 and gave the company a “buy” rating in a report on Tuesday, May 26th. Shore Capital Group reiterated a “buy” rating on shares of Softcat in a report on Thursday, March 19th. Berenberg Bank upped their price objective on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,700 price objective on shares of Softcat in a report on Wednesday, May 27th.

Insider Buying and Selling at Softcat

In other Softcat news, insider Kathryn Mecklenburgh bought 7,352 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were bought at an average price of GBX 1,365 per share, for a total transaction of £100,354.80. In the last quarter, insiders have bought 31,834 shares of company stock valued at $42,647,394. Corporate insiders own 2.89% of the company’s stock.

Softcat Price Performance

Shares of LON SCT opened at GBX 1,869 on Tuesday. The firm’s 50-day moving average price is GBX 1,361.98 and its 200-day moving average price is GBX 1,344.89. Softcat has a 1-year low of GBX 1,083 and a 1-year high of GBX 1,960. The firm has a market capitalization of £3.67 billion, a P/E ratio of 26.66, a P/E/G ratio of 11.51 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 1.38 and a debt-to-equity ratio of 13.07.

Softcat (LON:SCT) last announced its quarterly earnings data 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%. Equities research analysts anticipate that Softcat will post 60.72 earnings per share for the current fiscal 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.