Softcat (LON:SCT) Given Hold Rating at Jefferies Financial Group

Softcat (LON:SCT)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Financial Group in a report released on Wednesday, October 14th, Digital Look reports. They presently have a GBX 1,700 price target on the stock. Jefferies Financial Group’s target price indicates a potential upside of 0.59% from the stock’s current price.

Several other analysts also recently commented on SCT. Berenberg Bank raised their target price on shares of Softcat from GBX 1,950 to GBX 2,400 and gave the stock a “buy” rating in a report on Monday, September 21st. JPMorgan Chase & Co. upped their price target on shares of Softcat from GBX 1,950 to GBX 2,300 and gave the company an “overweight” rating in a report on Monday, September 7th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Softcat to a “hold” rating and increased their price objective for the stock from GBX 1,800 to GBX 2,140 in a research report on Wednesday, August 26th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Softcat presently has an average rating of “Moderate Buy” and an average target price of GBX 2,078.57.

Softcat Trading Down 1.4%

Shares of Softcat stock traded down GBX 24 during trading hours on Wednesday, hitting GBX 1,690. The company’s stock had a trading volume of 480,120 shares, compared to its average volume of 1,758,304. Softcat has a 12 month low of GBX 1,083 and a 12 month high of GBX 2,134. The stock has a 50 day moving average of GBX 1,918.64 and a 200 day moving average of GBX 1,753.29. The company has a market capitalization of £3.63 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58. The company has a debt-to-equity ratio of 10.41, a current ratio of 1.39 and a quick ratio of 1.38.

Softcat (LON:SCT) last released its quarterly earnings data on Wednesday, October 14th. The company reported GBX 75.80 earnings per share for the quarter. Softcat had a return on equity of 46.24% and a net margin of 7.61%. Analysts predict that Softcat will post 60.72 earnings per share for the current year.

Insider Activity at Softcat

In other news, insider Lynne Weedall bought 1,058 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The shares were acquired at an average price of GBX 1,890 per share, with a total value of £19,996.20. Also, insider Mayank Prakash bought 2,645 shares of the business’s stock in a transaction on Friday, October 16th. The stock was purchased at an average price of GBX 1,890 per share, for a total transaction of £49,990.50. Insiders acquired 12,816 shares of company stock valued at $24,246,219 over the last ninety days. 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.