Brokerages Set Softcat plc (LON:SCT) Price Target at GBX 1,902.22

Softcat plc (LON:SCT) has been assigned an average rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 1,902.22.

A number of equities research analysts recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Softcat from GBX 1,400 to GBX 1,450 and gave the stock an “underperform” rating in a report on Thursday, October 23rd. Peel Hunt reiterated a “buy” rating and set a GBX 2,135 target price on shares of Softcat in a report on Tuesday, November 18th. JPMorgan Chase & Co. upgraded Softcat to an “overweight” rating and boosted their price target for the company from GBX 2,820 to GBX 2,950 in a report on Thursday, December 4th. Shore Capital reaffirmed a “buy” rating and set a GBX 1,925 price objective on shares of Softcat in a research report on Wednesday, October 22nd. Finally, UBS Group reiterated a “sell” rating and set a GBX 1,400 price objective on shares of Softcat in a report on Friday, October 17th.

Softcat Stock Performance

Shares of SCT stock opened at GBX 1,430 on Friday. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. Softcat has a 52 week low of GBX 1,358 and a 52 week high of GBX 1,960. The company’s 50 day moving average price is GBX 1,430.12 and its two-hundred day moving average price is GBX 1,522.56. The company has a market capitalization of £2.85 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Insider Activity at Softcat

In other news, insider Graeme Watt sold 20,213 shares of Softcat stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of GBX 1,429, for a total value of £288,843.77. Also, insider Graham Charlton sold 15,919 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of GBX 1,456, for a total transaction of £231,780.64. Insiders have sold a total of 46,069 shares of company stock valued at $66,262,414 over the last ninety days. Company insiders own 2.81% of the company’s stock.

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.