Softcat (LON:SCT) Stock Keeps “Hold” Rating at Jefferies Financial Group

Softcat (LON:SCT – Get Free Report)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Financial Group in a report issued on Wednesday, Digital Look reports. They presently have a GBX 1,700 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential downside of 7.12% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft lowered shares of Softcat to a “hold” rating and boosted their target price for the company from GBX 1,800 to GBX 2,140 in a research note on Wednesday, August 26th. Berenberg Bank raised their price target on shares of Softcat from GBX 1,950 to GBX 2,400 and gave the company a “buy” rating in a research note on Monday, September 21st. Finally, JPMorgan Chase & Co. raised 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. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,993.75.

Read Our Latest Analysis on Softcat

Softcat Stock Performance

Shares of Softcat stock traded down GBX 93.59 during trading on Wednesday, hitting GBX 1,830.41. 970,430 shares of the stock were exchanged, compared to its average volume of 1,783,115. 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 12 month low of GBX 1,083 and a 12 month high of GBX 2,134. The stock’s fifty day moving average is GBX 1,943.73 and its 200 day moving average is GBX 1,734.73. The stock has a market cap of £3.94 billion, a PE ratio of 26.11, a P/E/G ratio of 11.51 and a beta of 0.58.

Softcat (LON:SCT – Get Free Report) last issued its quarterly earnings data on Wednesday, October 14th. The company reported GBX 75.80 earnings per share 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 anticipate that Softcat will post 60.72 EPS for the current year.

Insider Buying and Selling at Softcat

In other Softcat news, insider Kathryn Mecklenburgh purchased 176 shares of Softcat stock in a transaction on Monday, September 7th. The stock was bought at an average price of GBX 2,045 per share, for a total transaction of £3,599.20. Also, insider Graham Charlton purchased 176 shares of the firm’s 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. Insiders have acquired a total of 384 shares of company stock worth $749,739 in the last ninety days. 2.91% of the stock is owned by company insiders.

Softcat News Roundup

Here are the key news stories impacting Softcat this week:

Softcat Company Profile

(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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