Softcat (LON:SCT) Given “Buy” Rating at Shore Capital Group

Softcat (LON:SCT)‘s stock had its “buy” rating restated by research analysts at Shore Capital Group in a research note issued to investors on Thursday,London Stock Exchange reports.

Separately, JPMorgan Chase & Co. raised shares of Softcat to an “overweight” rating and increased their target price for the company from GBX 2,820 to GBX 2,950 in a report on Thursday, December 4th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Softcat has an average rating of “Moderate Buy” and a consensus target price of GBX 1,910.

Softcat Price Performance

LON:SCT traded down GBX 10 during mid-day trading on Thursday, reaching GBX 1,246. The stock had a trading volume of 46,924,363 shares, compared to its average volume of 4,152,085. The stock has a market capitalization of £2.45 billion, a P/E ratio of 18.82, a P/E/G ratio of 11.51 and a beta of 0.62. The firm has a 50 day moving average price of GBX 1,260.17 and a two-hundred day moving average price of GBX 1,424.14. The company has a debt-to-equity ratio of 10.39, a quick ratio of 1.38 and a current ratio of 1.28. Softcat has a one year low of GBX 1,083 and a one year high of GBX 1,960.

Softcat (LON:SCT) last issued its quarterly earnings results on Wednesday, March 18th. The company reported GBX 36.10 EPS for the quarter. Softcat had a net margin of 9.12% and a return on equity of 42.93%. As a group, analysts expect that Softcat will post 60.72 earnings per share for the current year.

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.