Softcat plc (LON:SCT) Stock Has Consensus Target Price of GBX 1,993.75

Key Points

• Analysts have a consensus “Hold” rating on Softcat, with four buys, three holds and one sell among eight analysts. The average 12-month price target is GBX 1,993.75.
• Recent broker views were mixed but generally raised targets: Berenberg set a GBX 2,400 buy target and JPMorgan set GBX 2,300 with an overweight rating, while Deutsche Bank and RBC maintained more cautious hold or neutral ratings.
• Softcat shares opened at GBX 1,857, compared with a 52-week range of GBX 1,083 to GBX 2,134. Insiders purchased 382 shares worth approximately £778,745 over the past 90 days.

Shares of Softcat plc (LON:SCT - Get Free Report) have been assigned an average recommendation of "Hold" from the eight analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 1,993.75.

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut 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. Berenberg Bank raised their price target on Softcat from GBX 1,950 to GBX 2,400 and gave the stock a "buy" rating in a research report on Monday, September 21st. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 1,700 price objective on shares of Softcat in a research note on Thursday, June 25th. JPMorgan Chase & Co. increased their target price 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. Finally, Royal Bank Of Canada cut shares of Softcat to a "neutral" rating and lifted their price target for the stock from GBX 1,550 to GBX 1,950 in a research note on Monday, June 15th.

Softcat Price Performance

Softcat stock opened at GBX 1,857 on Monday. Softcat has a 52-week low of GBX 1,083 and a 52-week high of GBX 2,134. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07. The firm's fifty day moving average is GBX 1,956.75 and its 200 day moving average is GBX 1,703.01. The company has a market cap of £3.65 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 11.51 and a beta of 0.58.

Insider Activity

In other Softcat news, insider Graham Charlton acquired 176 shares of the company's stock in a transaction dated Monday, September 7th. The shares were purchased at an average cost of GBX 2,045 per share, for a total transaction of £3,599.20. Also, insider Kathryn Mecklenburgh purchased 176 shares of Softcat stock in a transaction dated Monday, September 7th. The stock was bought at an average cost of GBX 2,045 per share, with a total value of £3,599.20. Insiders purchased 382 shares of company stock valued at $778,745 over the last 90 days. 2.90% of the stock is currently owned by corporate insiders.

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.

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