Softcat (LON:SCT) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Key Points

• Jefferies Financial Group has raised its price target for Softcat from GBX 1,400 to GBX 1,450, despite maintaining an "underperform" rating, indicating a potential downside of 10.88% from the last close.
• Other analysts show mixed ratings, with Citigroup lowering its target to GBX 1,960 with a "buy" rating, while UBS maintains a "sell" recommendation at GBX 1,400.
• Softcat's earnings results revealed an EPS of GBX 69.50 for the quarter, with projections suggesting a total EPS of 60.72 for the current year, supported by a return on equity of 43.79%.

Softcat (LON:SCT - Get Free Report) had its price objective raised by investment analysts at Jefferies Financial Group from GBX 1,400 to GBX 1,450 in a note issued to investors on Thursday, MarketBeat reports. The firm presently has an "underperform" rating on the stock. Jefferies Financial Group's price target points to a potential downside of 10.88% from the company's previous close.

Other equities research analysts have also recently issued reports about the company. Citigroup reduced their price target on Softcat from GBX 2,000 to GBX 1,960 and set a "buy" rating on the stock in a research note on Tuesday, August 19th. UBS Group reaffirmed a "sell" rating and issued a GBX 1,400 target price on shares of Softcat in a research report on Friday, October 17th. Liberum Capital raised shares of Softcat to a "buy" rating and set a GBX 1,800 target price on the stock in a research report on Thursday, July 24th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Softcat in a research report on Thursday, September 11th. Finally, Shore Capital restated a "buy" rating and issued a GBX 1,925 price objective on shares of Softcat in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Softcat currently has an average rating of "Hold" and an average target price of GBX 1,724.25.

Softcat Trading Down 0.8%

LON:SCT traded down GBX 13 during mid-day trading on Thursday, reaching GBX 1,627. 4,497,126 shares of the company's stock traded hands, compared to its average volume of 752,298. Softcat has a 12-month low of GBX 1,427 and a 12-month high of GBX 1,960. The firm has a market capitalization of £3.24 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. The company has a 50 day moving average price of GBX 1,578.85 and a 200-day moving average price of GBX 1,652.09.

Softcat (LON:SCT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported GBX 69.50 earnings per share (EPS) for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. On average, sell-side analysts predict that Softcat will post 60.72 earnings per share for the current 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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