Softcat (LON:SCT) Sets New 1-Year Low – What’s Next?

Softcat plc (LON:SCT) shares hit a new 52-week low on Monday . The company traded as low as GBX 1,119.53 and last traded at GBX 1,125, with a volume of 604471 shares trading hands. The stock had previously closed at GBX 1,136.29.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SCT. Deutsche Bank Aktiengesellschaft raised Softcat to a “buy” rating and raised their price objective for the stock from GBX 1,830 to GBX 1,900 in a report on Thursday, October 23rd. JPMorgan Chase & Co. upgraded Softcat to an “overweight” rating and raised their price target for the stock from GBX 2,820 to GBX 2,950 in a research note on Thursday, December 4th. Shore Capital Group reiterated a “buy” rating and issued a GBX 1,925 price objective on shares of Softcat in a research note on Wednesday, October 22nd. 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 report on Thursday, October 23rd. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,135 target price on shares of Softcat in a report on Tuesday, November 18th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 1,902.22.

Softcat Stock Down 1.3%

The business has a 50-day simple moving average of GBX 1,388.39 and a two-hundred day simple moving average of GBX 1,493.95. The company has a market capitalization of £2.22 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60.

Insider Buying and Selling at Softcat

In other news, insider Graham Charlton sold 15,919 shares of the firm’s stock in a transaction 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 Softcat stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of GBX 1,429, for a total transaction of £288,843.77. Over the last ninety days, insiders have purchased 47 shares of company stock valued at $59,452 and have sold 46,069 shares valued at $66,262,414. 2.87% of the stock is owned by company insiders.

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.