Softcat’s (SCT) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Softcat (LON:SCT) in a research report report published on Thursday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 1,900 target price on the stock.

SCT has been the subject of several other research reports. Jefferies Financial Group lowered their target price on Softcat from GBX 1,500 to GBX 1,210 and set a “hold” rating for the company in a research note on Thursday. JPMorgan Chase & Co. upgraded shares of Softcat to an “overweight” rating and upped their price objective for the stock from GBX 2,820 to GBX 2,950 in a research report on Thursday, December 4th. Finally, Shore Capital Group reissued a “buy” rating on shares of Softcat in a research note on Thursday. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Softcat presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,908.89.

Softcat Trading Down 1.6%

Shares of SCT opened at GBX 1,234 on Thursday. The company has a debt-to-equity ratio of 13.07, a quick ratio of 1.38 and a current ratio of 1.25. Softcat has a 52-week low of GBX 1,083 and a 52-week high of GBX 1,960. The firm has a market cap of £2.42 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 11.51 and a beta of 0.60. The business’s fifty day moving average is GBX 1,250.85 and its 200-day moving average is GBX 1,419.10.

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