Softcat plc (LON:SCT) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts give Softcat a consensus rating of Moderate Buy from nine covering firms—seven buys, one hold and one sell—with an average 1‑year price target of GBX 1,908.89.
• Shares opened at GBX 1,198, trade near a 52‑week range of GBX 1,083–1,960, and the company has a market cap of £2.35 billion with a P/E of 17.09.
• Softcat reported quarterly EPS of GBX 36.10, a net margin of 8.06% and ROE of 45.16%; Jefferies cut its target to GBX 1,210 (hold) while Berenberg and Shore Capital reiterated buy ratings near GBX 1,900.

Softcat plc (LON:SCT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,908.89.

Several research firms have commented on SCT. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,900 price objective on shares of Softcat in a research note on Thursday, March 19th. Shore Capital Group reiterated a "buy" rating on shares of Softcat in a research note on Thursday, March 19th. Finally, Jefferies Financial Group decreased their price objective on shares of Softcat from GBX 1,500 to GBX 1,210 and set a "hold" rating for the company in a research note on Thursday, March 19th.

Softcat Trading Down 0.3%

SCT opened at GBX 1,198 on Monday. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. Softcat has a fifty-two week low of GBX 1,083 and a fifty-two week high of GBX 1,960. The firm has a market capitalization of £2.35 billion, a PE ratio of 17.09, a P/E/G ratio of 11.51 and a beta of 0.48. The company's 50-day moving average is GBX 1,187.77 and its 200 day moving average is GBX 1,378.94.

Softcat (LON:SCT - Get Free Report) last posted its earnings results on Wednesday, March 18th. The company reported GBX 36.10 earnings per share for the quarter. Softcat had a net margin of 8.06% and a return on equity of 45.16%. As a group, research analysts predict that Softcat 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. It also offers public cloud, collaboration, connectivity, data centre and private cloud, devices, and financial solution services. In addition, the company provides IT asset management, lifecycle solutions, modern management, security, software licensing, supply chain operation, and virtual desktop and application.

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