Softcat plc (LON:SCT) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Softcat plc (LON:SCT - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,908.89.

A number of research firms have recently commented on SCT. Berenberg Bank reiterated a "buy" rating and set a GBX 1,900 target price on shares of Softcat in a research report on Thursday, March 19th. Shore Capital Group reissued a "buy" rating on shares of Softcat in a research report on Thursday, March 19th. Finally, Jefferies Financial Group cut their price target on Softcat from GBX 1,500 to GBX 1,210 and set a "hold" rating on the stock in a research report on Thursday, March 19th.

Softcat Trading Down 0.1%

LON SCT opened at GBX 1,434 on Friday. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. The firm's fifty day moving average price is GBX 1,241.27 and its 200 day moving average price is GBX 1,351.62. The company has a market capitalization of £2.82 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 11.51 and a beta of 0.53. Softcat has a 12 month low of GBX 1,083 and a 12 month high of GBX 1,960.

Softcat (LON:SCT - Get Free Report) last announced its quarterly 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%. On average, sell-side analysts expect that Softcat will post 60.72 earnings per share for the current fiscal year.

Insider Activity

In other Softcat news, insider Kathryn Mecklenburgh bought 24,461 shares of the stock in a transaction dated Thursday, April 23rd. The shares were acquired at an average cost of GBX 1,332 per share, for a total transaction of £325,820.52. Insiders have purchased 31,839 shares of company stock worth $42,648,004 in the last 90 days. Company insiders own 2.89% of the company's stock.

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. 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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