Softcat (LON:SCT) Receives "Buy" Rating from Shore Capital

Key Points

• Softcat has received a "Buy" rating from Shore Capital, with a price target of GBX 1,925, indicating an upside potential of 17.67% from its current trading price.
• The company's stock recently traded up 4.3% to GBX 1,636, with an average trading volume significantly surpassed during midday trading.
• Softcat's latest earnings report showed a net margin of 12.37% and earnings per share of GBX 69.50, with analysts forecasting earnings of 60.72 per share for the current fiscal year.

Softcat (LON:SCT - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Shore Capital in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 1,925 price target on the stock. Shore Capital's price objective would indicate a potential upside of 17.67% from the stock's current price.

Other analysts have also issued reports about the company. Citigroup cut their price target on Softcat from GBX 2,000 to GBX 1,960 and set a "buy" rating on the stock in a report on Tuesday, August 19th. UBS Group restated a "sell" rating and issued a GBX 1,400 price target on shares of Softcat in a report on Friday, October 17th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Softcat in a report on Thursday, September 11th. Finally, Liberum Capital raised Softcat to a "buy" rating and set a GBX 1,800 target price on the stock in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Softcat presently has a consensus rating of "Hold" and a consensus price target of GBX 1,740.67.

Softcat Trading Up 4.3%

SCT stock traded up GBX 68 during midday trading on Wednesday, hitting GBX 1,636. 4,426,248 shares of the company's stock were exchanged, compared to its average volume of 751,501. The stock's fifty day moving average price is GBX 1,577.49 and its 200-day moving average price is GBX 1,652.21. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. The company has a market cap of £3.26 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat has a one year low of GBX 1,427 and a one year high of GBX 1,960.

Softcat (LON:SCT - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The company reported GBX 69.50 earnings per share for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. Research analysts predict 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.

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