Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Softcat (LON:SCT) Stock Price

Softcat (LON:SCT) had its target price increased by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 1,700 to GBX 1,800 in a research report issued to clients and investors on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 7.98% from the stock’s current price.

SCT has been the topic of several other reports. Jefferies Financial Group lowered their target price on shares of Softcat from GBX 1,500 to GBX 1,210 and set a “hold” rating on the stock in a research note on Thursday, March 19th. Shore Capital Group reissued a “buy” rating on shares of Softcat in a research note on Thursday, March 19th. Finally, Berenberg Bank increased their target price on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,903.33.

Softcat Trading Up 2.5%

SCT stock opened at GBX 1,667 on Tuesday. The company’s 50-day simple moving average is GBX 1,309.82 and its 200-day simple moving average is GBX 1,337.14. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07. Softcat has a 52-week low of GBX 1,083 and a 52-week high of GBX 1,960. The firm has a market cap of £3.27 billion, a P/E ratio of 23.78, a PEG ratio of 11.51 and a beta of 0.53.

Softcat (LON:SCT) last posted its earnings results on Wednesday, March 18th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. Softcat had a net margin of 8.06% and a return on equity of 45.16%. As a group, equities analysts forecast that Softcat will post 60.72 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Kathryn Mecklenburgh purchased 24,461 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were purchased at an average cost of GBX 1,332 per share, with a total value of £325,820.52. Over the last 90 days, insiders have bought 31,834 shares of company stock valued at $42,647,394. Company insiders own 2.89% 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.