Softcat (LON:SCT) Hits New 52-Week High - Still a Buy?

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 ($26.31) and last traded at GBX 1,901 ($25.52), with a volume of 10509612 shares trading hands. The stock had previously closed at GBX 1,832 ($24.59).

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Shore Capital reiterated a "buy" rating on shares of Softcat in a research note on Wednesday, March 19th. JPMorgan Chase & Co. lifted their price objective on shares of Softcat from GBX 1,450 ($19.47) to GBX 1,759 ($23.61) and gave the company a "neutral" rating in a research report on Thursday, March 20th. Finally, Berenberg Bank reissued a "hold" rating and set a GBX 1,600 ($21.48) target price on shares of Softcat in a research note on Wednesday, March 19th.

Softcat Stock Down 6.0%

The company has a market cap of £3.53 billion, a price-to-earnings ratio of 29.72, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The stock has a 50-day simple moving average of GBX 1,748.08 and a 200-day simple moving average of GBX 1,621.28. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48.

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.