Softcat plc (LON:SCT) Given Average Recommendation of “Hold” by Brokerages

by · The Cerbat Gem

Softcat plc (LON:SCT – Get Free Report) has received an average rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 1,902.22.

Several analysts have recently issued reports on SCT shares. Citigroup dropped their target price on shares of 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. JPMorgan Chase & Co. upgraded Softcat to an “overweight” rating and lifted their price objective for the stock from GBX 2,820 to GBX 2,950 in a report on Thursday, December 4th. UBS Group reissued a “sell” rating and set a GBX 1,400 target price on shares of Softcat in a report on Friday, October 17th. Jefferies Financial Group raised their target price on Softcat from GBX 1,400 to GBX 1,450 and gave the company an “underperform” rating in a research report on Thursday, October 23rd. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 2,135 price target on shares of Softcat in a research report on Tuesday, November 18th.

View Our Latest Report on Softcat

Softcat Trading Up 0.1%

SCT stock opened at GBX 1,433 on Friday. Softcat has a 52-week low of GBX 1,393 and a 52-week high of GBX 1,960. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48. The firm has a market cap of £2.86 billion, a P/E ratio of 21.65, a PEG ratio of 11.51 and a beta of 0.71. The company’s 50-day simple moving average is GBX 1,516.14 and its 200-day simple moving average is GBX 1,609.52.

Softcat (LON:SCT – Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The company reported GBX 69.50 earnings per share for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. As a group, equities analysts forecast that Softcat will post 60.72 EPS for the current fiscal year.

About Softcat

(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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