Softcat (LON:SCT) Sets New 12-Month High – Still a Buy?

Shares of Softcat plc (LON:SCT) hit a new 52-week high on Wednesday . The company traded as high as GBX 1,918 and last traded at GBX 1,918, with a volume of 203485 shares trading hands. The stock had previously closed at GBX 1,830.

Analyst Ratings Changes

SCT has been the subject of a number of recent research reports. Royal Bank Of Canada downgraded shares of Softcat to a “neutral” rating and boosted their target price for the stock from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th. Shore Capital Group restated a “buy” rating on shares of Softcat in a report on Thursday, March 19th. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,700 price target on shares of Softcat in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Berenberg Bank boosted their price objective on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 1,957.

Softcat Price Performance

The stock has a 50-day moving average price of GBX 1,631.27 and a two-hundred day moving average price of GBX 1,408.02. The company has a current ratio of 1.25, a quick ratio of 1.38 and a debt-to-equity ratio of 13.07. The stock has a market cap of £3.81 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 11.51 and a beta of 0.58.

Insider Buying and Selling

In other Softcat news, insider Kathryn Mecklenburgh purchased 7,352 shares of the stock in a transaction on Monday, April 27th. The stock was acquired at an average price of GBX 1,365 per share, with a total value of £100,354.80. Insiders bought 31,850 shares of company stock valued at $42,677,746 in the last three months. Company insiders own 2.91% of the company’s stock.

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.