Softcat plc (LON:SCT) Receives GBX 1,957 Consensus Target Price from Analysts

Shares of Softcat plc (LON:SCT) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,957.

A number of equities analysts have recently issued reports on SCT shares. Royal Bank Of Canada downgraded Softcat to a “neutral” rating and increased their target price for the stock from GBX 1,550 to GBX 1,950 in a research note on Monday, June 15th. Berenberg Bank lifted their price target on Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Shore Capital Group reaffirmed a “buy” rating on shares of Softcat in a report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft increased their price objective on Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,700 target price on shares of Softcat in a report on Thursday, June 25th.

Softcat Price Performance

Shares of LON:SCT opened at GBX 1,914 on Friday. Softcat has a fifty-two week low of GBX 1,083 and a fifty-two week high of GBX 1,923. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07. The firm’s 50-day simple moving average is GBX 1,619.57 and its 200-day simple moving average is GBX 1,404.50. The company has a market cap of £3.76 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 11.51 and a beta of 0.58.

Insider Buying and Selling

In related news, insider Kathryn Mecklenburgh acquired 7,352 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were purchased at an average price of GBX 1,365 per share, with a total value of £100,354.80. Insiders have bought a total of 31,850 shares of company stock worth $42,677,746 over the last quarter. 2.91% of the stock is currently owned by 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.