Softcat plc (LON:SCT) Stock Has Average Target Price of GBX 2,104.17 According to Analysts

Key Points

• Softcat has a “Moderate Buy” consensus rating from seven analysts, with four buys and three holds. The average 12-month price target is GBX 2,104.17.
• Recent analyst targets range from GBX 1,700 at Jefferies to GBX 2,400 at Berenberg, while JPMorgan raised its target to GBX 2,300 and Deutsche Bank upgraded its price objective to GBX 2,140 despite maintaining a hold rating.
• Insiders have been buying shares: executives acquired 12,816 shares worth approximately $24.25 million over the past 90 days. Softcat reported quarterly EPS of GBX 75.80, with a 7.61% net margin and 46.24% return on equity.

Softcat plc (LON:SCT - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 2,104.17.

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Softcat to a "hold" rating and boosted their price objective for the stock from GBX 1,800 to GBX 2,140 in a research note on Wednesday, August 26th. JPMorgan Chase & Co. boosted their price objective on shares of Softcat from GBX 1,950 to GBX 2,300 and gave the company an "overweight" rating in a report on Monday, September 7th. Berenberg Bank reissued a "buy" rating and issued a GBX 2,400 target price on shares of Softcat in a research report on Friday, October 16th. Finally, Jefferies Financial Group restated a "hold" rating and issued a GBX 1,700 target price on shares of Softcat in a research note on Wednesday, October 14th.

Insiders Place Their Bets

In related news, insider Lynne Weedall bought 1,058 shares of the company's stock in a transaction on Friday, October 16th. The stock was bought at an average cost of GBX 1,890 per share, for a total transaction of £19,996.20. Also, insider Kathryn Mecklenburgh acquired 1,322 shares of the business's stock in a transaction that occurred on Friday, October 16th. The shares were purchased at an average price of GBX 1,890 per share, with a total value of £24,985.80. In the last 90 days, insiders have acquired 12,816 shares of company stock valued at $24,246,219. Insiders own 2.91% of the company's stock.

Softcat Stock Up 0.3%

SCT opened at GBX 1,696 on Friday. Softcat has a one year low of GBX 1,083 and a one year high of GBX 2,134. The firm has a market capitalization of £3.65 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58. The company has a fifty day moving average price of GBX 1,872.72 and a 200-day moving average price of GBX 1,609.07. The company has a debt-to-equity ratio of 10.41, a current ratio of 1.39 and a quick ratio of 1.38.

Softcat (LON:SCT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 14th. The company reported GBX 75.80 EPS for the quarter. Softcat had a net margin of 7.61% and a return on equity of 46.24%. Equities research analysts expect that Softcat will post 60.72 earnings per share for the current fiscal year.

Softcat Company Profile

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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