Softcat plc (LON:SCT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Softcat plc (LON:SCT) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,908.89.

A number of research firms have recently weighed in on SCT. Shore Capital Group reaffirmed a “buy” rating on shares of Softcat in a research note on Thursday, March 19th. Jefferies Financial Group cut their price target on shares of Softcat from GBX 1,500 to GBX 1,210 and set a “hold” rating for the company in a research note on Thursday, March 19th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,900 target price on shares of Softcat in a research note on Thursday, March 19th.

Softcat Stock Performance

LON SCT opened at GBX 1,337 on Monday. The company has a market capitalization of £2.62 billion, a P/E ratio of 19.07, a PEG ratio of 11.51 and a beta of 0.48. The business has a 50 day moving average price of GBX 1,183.65 and a 200 day moving average price of GBX 1,371.63. Softcat has a 1-year low of GBX 1,083 and a 1-year high of GBX 1,960. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38.

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

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.