Softcat (LON:SCT) Reaches New 12-Month Low – Here’s What Happened

Shares of Softcat plc (LON:SCT) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 1,135 and last traded at GBX 1,148.35, with a volume of 673029 shares. The stock had previously closed at GBX 1,147.

Analysts Set New Price Targets

Several equities research analysts recently commented on SCT shares. JPMorgan Chase & Co. raised Softcat to an “overweight” rating and boosted their price target for the company from GBX 2,820 to GBX 2,950 in a research note on Thursday, December 4th. Peel Hunt reissued a “buy” rating and set a GBX 2,135 target price on shares of Softcat in a research report on Tuesday, November 18th. UBS Group reissued a “sell” rating and set a GBX 1,400 price objective on shares of Softcat in a research report on Friday, October 17th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 1,925 price target on shares of Softcat in a research report on Wednesday, October 22nd. Finally, Jefferies Financial Group increased their price objective 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. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,902.22.

Softcat Trading Up 0.4%

The company has a 50 day moving average of GBX 1,414.41 and a 200 day moving average of GBX 1,507.55. The firm has a market cap of £2.28 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48.

Insider Activity

In other news, insider Graham Charlton sold 15,919 shares of Softcat stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of GBX 1,456, for a total value of £231,780.64. Also, insider Graeme Watt sold 20,213 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of GBX 1,429, for a total value of £288,843.77. Over the last three months, insiders have purchased 47 shares of company stock valued at $59,452 and have sold 46,069 shares valued at $66,262,414. Company insiders own 2.87% of the company’s stock.

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.