Softcat’s (SCT) Hold Rating Reaffirmed at Jefferies Financial Group

Softcat (LON:SCT – Get Free Report)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Financial Group in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 1,700 target price on the stock. Jefferies Financial Group’s target price suggests a potential downside of 7.12% from the company’s current price.

Several other research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Softcat to a “hold” rating and boosted their price objective for the company from GBX 1,800 to GBX 2,140 in a research report on Wednesday, August 26th. JPMorgan Chase & Co. boosted their target price on shares of Softcat from GBX 1,950 to GBX 2,300 and gave the stock an “overweight” rating in a research note on Monday, September 7th. Finally, Berenberg Bank increased their price target on Softcat from GBX 1,950 to GBX 2,400 and gave the company a “buy” rating in a research note on Monday, September 21st. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Softcat has a consensus rating of “Hold” and a consensus price target of GBX 1,993.75.

Check Out Our Latest Research Report on SCT

Softcat Price Performance

Shares of LON SCT traded down GBX 93.59 during midday trading on Wednesday, reaching GBX 1,830.41. The company’s stock had a trading volume of 971,330 shares, compared to its average volume of 1,783,120. The company has a market cap of £3.94 billion, a P/E ratio of 26.11, a P/E/G ratio of 11.51 and a beta of 0.58. Softcat has a fifty-two week low of GBX 1,083 and a fifty-two week high of GBX 2,134. The company has a debt-to-equity ratio of 13.07, a quick ratio of 1.38 and a current ratio of 1.25. The business’s 50 day moving average price is GBX 1,943.73 and its two-hundred day moving average price is GBX 1,734.73.

Softcat (LON:SCT – Get Free Report) last announced its quarterly earnings data on Wednesday, October 14th. The company reported GBX 75.80 earnings per share for the quarter. Softcat had a return on equity of 45.16% and a net margin of 8.06%. On average, analysts forecast that Softcat will post 60.72 EPS for the current fiscal year.

Insider Activity at Softcat

In other news, insider Kathryn Mecklenburgh purchased 176 shares of the business’s stock in a transaction on Monday, September 7th. The shares were acquired at an average price of GBX 2,045 per share, with a total value of £3,599.20. Also, insider Graham Charlton acquired 176 shares of the stock in a transaction dated Monday, September 7th. The stock was acquired at an average cost of GBX 2,045 per share, with a total value of £3,599.20. In the last 90 days, insiders have acquired 384 shares of company stock valued at $749,739. Company insiders own 2.91% of the company’s stock.

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About Softcat

(Get Free Report)

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.

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Analyst Recommendations for Softcat (LON:SCT)

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