Softcat (LON:SCT) Sets New 1-Year High - What's Next?

Softcat plc (LON:SCT - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 1,960 ($26.39) and last traded at GBX 1,901 ($25.60), with a volume of 10509612 shares traded. The stock had previously closed at GBX 1,832 ($24.67).

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SCT shares. Shore Capital reaffirmed a "buy" rating on shares of Softcat in a research report on Wednesday, March 19th. JPMorgan Chase & Co. increased their price objective on Softcat from GBX 1,450 ($19.53) to GBX 1,759 ($23.69) and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Finally, Berenberg Bank reaffirmed a "hold" rating and set a GBX 1,600 ($21.55) target price on shares of Softcat in a research report on Wednesday, March 19th.

Softcat Stock Up 3.1%

The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The firm has a market capitalization of £3.76 billion, a P/E ratio of 31.61, a P/E/G ratio of 11.51 and a beta of 0.71. The stock's 50-day simple moving average is GBX 1,740.86 and its 200-day simple moving average is GBX 1,618.50.

Softcat (LON:SCT - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.39) earnings per share (EPS) for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. As a group, research analysts predict that Softcat plc 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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