Softcat (LON:SCT) Downgraded by Royal Bank Of Canada to “Neutral”

Royal Bank Of Canada lowered shares of Softcat (LON:SCT) to a neutral rating in a research note published on Monday,London Stock Exchange reports. They currently have GBX 1,950 price target on the stock, up from their prior price target of GBX 1,550.

Other equities research analysts have also issued research reports about the stock. 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. Deutsche Bank Aktiengesellschaft lifted their price target on Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Jefferies Financial Group restated a “hold” rating and set a GBX 1,700 price objective on shares of Softcat in a research note on Wednesday, May 27th. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Softcat in a report on Thursday, March 19th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,957.

Softcat Stock Up 0.6%

Shares of Softcat stock traded up GBX 10 on Monday, hitting GBX 1,790. 893,743 shares of the company’s stock traded hands, compared to its average volume of 2,427,542. 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. The stock has a market cap of £3.51 billion, a P/E ratio of 25.53, a PEG ratio of 11.51 and a beta of 0.58. The firm’s 50-day moving average is GBX 1,489.18 and its 200 day moving average is GBX 1,374.22.

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

Insider Activity

In other Softcat news, insider Kathryn Mecklenburgh purchased 24,461 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The stock was acquired at an average cost of GBX 1,332 per share, with a total value of £325,820.52. In the last 90 days, insiders have bought 31,850 shares of company stock valued at $42,677,746. Company insiders own 2.91% of the company’s stock.

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.