Analysts Set Softcat plc (LON:SCT) PT at GBX 1,937.50

Shares of Softcat plc (LON:SCT) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 1,937.50.

SCT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Softcat to a “hold” rating and lifted their price objective for the company from GBX 1,800 to GBX 2,140 in a report on Wednesday, August 26th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,700 target price on shares of Softcat in a research report on Thursday, June 25th. JPMorgan Chase & Co. lifted their price target on shares of Softcat from GBX 1,950 to GBX 2,300 and gave the company an “overweight” rating in a research note on Monday, September 7th. Berenberg Bank boosted their price target on Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Royal Bank Of Canada lowered Softcat to a “neutral” rating and boosted their price target for the company from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th.

Insider Buying and Selling at Softcat

In other news, insider Graham Charlton purchased 176 shares of the business’s stock in a transaction dated Monday, September 7th. The shares were 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 that occurred on Monday, September 7th. The stock was purchased at an average price of GBX 2,045 per share, with a total value of £3,599.20. Insiders acquired a total of 382 shares of company stock valued at $778,745 over the last quarter. Company insiders own 2.90% of the company’s stock.

Softcat Stock Up 1.8%

Shares of SCT opened at GBX 1,951.30 on Thursday. The firm has a fifty day moving average price of GBX 1,961.41 and a 200-day moving average price of GBX 1,643.59. 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 firm has a market capitalization of £3.83 billion, a P/E ratio of 27.84, a P/E/G ratio of 11.51 and a beta of 0.57. Softcat has a 12-month low of GBX 1,083 and a 12-month 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.