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Softcat (LON:SCT) Share Price Crosses Below 50-Day Moving Average - Should You Sell?

Softcat logo with Computer and Technology background

Key Points

  • Softcat plc shares fell below their fifty-day moving average of GBX 1,616.46, trading as low as GBX 1,542 during recent market activity.
  • An average rating of "Moderate Buy" with a target price of GBX 1,813.80 comes from consensus among analysts, with various firms issuing buy ratings for the stock.
  • Softcat has a market capitalization of £3.17 billion, alongside a high price-to-earnings ratio of 2,540.58, indicating potentially tightened margins or high expectations for future growth.
  • Five stocks we like better than Softcat.

Shares of Softcat plc (LON:SCT - Get Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1,616.46 ($21.87) and traded as low as GBX 1,542 ($20.86). Softcat shares last traded at GBX 1,591 ($21.52), with a volume of 232,356 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on SCT. Shore Capital reissued a "buy" rating and set a GBX 1,950 target price on shares of Softcat in a report on Thursday, August 28th. Liberum Capital raised shares of Softcat to a "buy" rating and set a GBX 1,800 price target for the company in a report on Thursday, July 24th. Citigroup cut their price target on shares of Softcat from GBX 2,000 to GBX 1,960 and set a "buy" rating for the company in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Softcat in a report on Friday, July 18th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,813.80.

Get Our Latest Analysis on Softcat

Softcat Stock Performance

The company's fifty day simple moving average is GBX 1,609.79 and its 200 day simple moving average is GBX 1,652.70. 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 stock has a market capitalization of £3.20 billion, a P/E ratio of 2,564.80, a P/E/G ratio of 11.51 and a beta of 0.71.

Softcat Company Profile

(Get Free Report)

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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