Jefferies Financial Group Reaffirms Hold Rating for Softcat (LON:SCT)

Softcat (LON:SCT)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Financial Group in a research note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 1,700 price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 1.55% from the stock’s previous close.

Several other analysts have also weighed in on SCT. Berenberg Bank lifted their price objective on Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price objective on Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a report on Tuesday. Finally, Shore Capital Group reissued a “buy” rating on shares of Softcat in a report on Thursday, March 19th. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,957.78.

Softcat Stock Performance

Shares of Softcat stock opened at GBX 1,674 on Wednesday. The company’s fifty day simple moving average is GBX 1,319.94 and its 200-day simple moving average is GBX 1,337.80. The company has a market cap of £3.29 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 11.51 and a beta of 0.53. 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 1,960.

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

Insider Activity at Softcat

In related news, insider Kathryn Mecklenburgh bought 24,461 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was acquired at an average price of GBX 1,332 per share, for a total transaction of £325,820.52. In the last ninety days, insiders purchased 31,834 shares of company stock worth $42,647,394. 2.89% of the stock is owned by company insiders.

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.