Softcat (LON:SCT) Trading Down 0.9% - What's Next?

Key Points

• Softcat plc's share price fell by 0.9%, closing at GBX 1,626 ($21.67) with an average daily trading volume decrease of 35%.
• Deutsche Bank upgraded Softcat to a "buy" rating with a revised price target of GBX 1,900, while UBS and Jefferies issued contrasting ratings of "sell" and "underperform," respectively.
• The company announced a quarterly earnings per share (EPS) of GBX 69.50 and analysts estimate a future EPS of 60.72 for the current fiscal year.

Softcat plc (LON:SCT - Get Free Report)'s share price dropped 0.9% during trading on Thursday . The stock traded as low as GBX 1,596 ($21.27) and last traded at GBX 1,626 ($21.67). Approximately 475,015 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 732,773 shares. The stock had previously closed at GBX 1,640 ($21.86).

Wall Street Analysts Forecast Growth

SCT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised Softcat to a "buy" rating and upped their price objective for the company from GBX 1,830 to GBX 1,900 in a research report on Thursday. UBS Group reaffirmed a "sell" rating and issued a GBX 1,400 price objective on shares of Softcat in a research report on Friday, October 17th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Softcat in a research report on Thursday, September 11th. Jefferies Financial Group increased their price target on Softcat from GBX 1,400 to GBX 1,450 and gave the stock an "underperform" rating in a research report on Thursday. Finally, Citigroup dropped their price target on Softcat from GBX 2,000 to GBX 1,960 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Softcat has an average rating of "Hold" and a consensus price target of GBX 1,724.25.

Softcat Stock Performance

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 firm has a fifty day simple moving average of GBX 1,580.21 and a 200 day simple moving average of GBX 1,653.03. The company has a market capitalization of £3.24 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

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

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.

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