Softcat plc (LON:SCT) Receives Consensus Rating of “Hold” from Brokerages

Shares of Softcat plc (LON:SCT) have been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 1,937.50.

A number of brokerages have recently commented on SCT. Royal Bank Of Canada cut Softcat to a “neutral” rating and lifted their target price for the stock from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,700 price objective on shares of Softcat in a research note on Thursday, June 25th. Berenberg Bank increased their target price on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. raised their target price on shares of Softcat from GBX 1,950 to GBX 2,300 and gave the stock an “overweight” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Softcat to a “hold” rating and upped their price target for the company from GBX 1,800 to GBX 2,140 in a report on Wednesday, August 26th.

Softcat Trading Down 1.6%

Shares of LON SCT opened at GBX 1,839 on Thursday. Softcat has a 1-year low of GBX 1,083 and a 1-year high of GBX 2,134. 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 business’s 50 day moving average is GBX 1,966.05 and its two-hundred day moving average is GBX 1,616.69. The stock has a market capitalization of £3.61 billion, a P/E ratio of 26.23, a PEG ratio of 11.51 and a beta of 0.57.

More Softcat News

Here are the key news stories impacting Softcat this week:

• Positive Sentiment: J.P. Morgan remains bullish: The bank reaffirmed its “Buy” and “Overweight” ratings and has raised its price target to GBX 2,300. That target is well above recent trading levels and signals confidence in Softcat’s earnings and growth outlook. J.P. Morgan Reaffirms Their Buy Rating on Softcat
• Positive Sentiment: Insider purchases offer a confidence signal: CEO Graham Charlton and insider Kathryn Mecklenburgh each bought 176 shares at GBX 2,045, worth approximately £3,599 per transaction. The purchases suggest management remains willing to invest at current valuations. Softcat Insider Buying
• Positive Sentiment: Profitability remains supportive: Reports highlighted strong first-half profit, reinforcing the case that Softcat’s core IT-reselling and infrastructure-services business continues to generate solid earnings momentum. Softcat Half-Year Profit Report
• Neutral Sentiment: Management received incentive awards: The CEO and CFO were granted shares under Softcat’s incentive arrangements. This aligns executives with shareholders, although future share issuance could create modest dilution. Softcat CEO and CFO Share Awards
• Negative Sentiment: Valuation and profit-taking may be limiting gains: Softcat trades at roughly 27 times earnings, while the consensus rating is “Hold” and the average analyst target is GBX 1,937.50. The stock’s muted reaction—even after strong results and insider buying—may indicate that investors had already priced in much of the good news or are taking profits after its substantial earlier advance.

Insider Activity at Softcat

In other Softcat news, insider Graham Charlton purchased 176 shares of Softcat stock in a transaction dated Monday, September 7th. The shares were purchased at an average cost of GBX 2,045 per share, for a total transaction of £3,599.20. Also, insider Kathryn Mecklenburgh acquired 176 shares of the company’s stock in a transaction that occurred on Monday, September 7th. The shares were acquired at an average price of GBX 2,045 per share, with a total value of £3,599.20. Insiders have acquired 382 shares of company stock valued at $778,745 in the last 90 days. Company insiders own 2.90% 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.