Softcat plc (LON:SCT) Given Consensus Rating of “Hold” by Brokerages

Softcat plc (LON:SCT) has been given an average rating of “Hold” by the nine research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,902.22.

Several research analysts recently weighed in on the company. Peel Hunt reiterated a “buy” rating and issued a GBX 2,135 price objective on shares of Softcat in a research report on Tuesday, November 18th. JPMorgan Chase & Co. upgraded Softcat to an “overweight” rating and increased their price target for the stock from GBX 2,820 to GBX 2,950 in a report on Thursday, December 4th.

Insider Transactions at Softcat

In related news, insider Graeme Watt sold 20,213 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of GBX 1,429, for a total transaction of £288,843.77. Also, 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 transaction of £231,780.64. Over the last quarter, insiders have acquired 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.

Softcat Stock Up 0.1%

Shares of LON SCT opened at GBX 1,096.89 on Thursday. The company has a market capitalization of £2.17 billion, a P/E ratio of 16.57, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. The company has a 50 day simple moving average of GBX 1,336.48 and a 200-day simple moving average of GBX 1,467.66. Softcat has a 1 year low of GBX 1,083 and a 1 year high of GBX 1,960.

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.