Softcat plc (LON:SCT) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Softcat plc (LON:SCT) have received an average rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 1,993.75.

Several research firms have recently weighed in on SCT. Berenberg Bank upped their price objective on Softcat from GBX 1,950 to GBX 2,400 and gave the stock a “buy” rating in a research report on Monday, September 21st. JPMorgan Chase & Co. boosted their target price on Softcat from GBX 1,950 to GBX 2,300 and gave the company an “overweight” rating in a research note on Monday, September 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,700 price target on shares of Softcat in a research report on Thursday, June 25th. Royal Bank Of Canada cut shares of Softcat to a “neutral” rating and raised their price target for the stock from GBX 1,550 to GBX 1,950 in a research note on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Softcat to a “hold” rating and increased their target price for the stock from GBX 1,800 to GBX 2,140 in a report on Wednesday, August 26th.

Insider Activity

In other news, insider Graham Charlton purchased 176 shares of the business’s stock in a transaction on Monday, September 7th. The stock was purchased at an average price of GBX 2,045 per share, for a total transaction of £3,599.20. Also, insider Kathryn Mecklenburgh acquired 176 shares of the firm’s stock in a transaction dated Monday, September 7th. The stock was purchased at an average cost of GBX 2,045 per share, with a total value of £3,599.20. Insiders have purchased 384 shares of company stock worth $749,739 in the last quarter. 2.91% of the stock is currently owned by corporate insiders.

Softcat Price Performance

Shares of LON SCT opened at GBX 1,872 on Monday. The company has a fifty day moving average price of GBX 1,944.56 and a 200 day moving average price of GBX 1,721.19. The firm has a market cap of £4.03 billion, a PE ratio of 26.70, a PEG ratio of 11.51 and a beta of 0.58. 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 has a 1-year low of GBX 1,083 and a 1-year high of GBX 2,134.

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.