Softcat plc (LON:SCT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Softcat plc (LON:SCT) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 1,957.

SCT has been the topic of several research analyst reports. Berenberg Bank upped their price objective on Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,700 target price on shares of Softcat in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft boosted their target price on Softcat from GBX 1,700 to GBX 1,800 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada cut Softcat to a “neutral” rating and upped their price target for the company from GBX 1,550 to GBX 1,950 in a research report on Monday, June 15th.

Softcat Stock Down 0.6%

Softcat stock opened at GBX 1,847 on Wednesday. The firm has a 50 day moving average price of GBX 1,764.81 and a 200-day moving average price of GBX 1,450.42. 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 twelve month low of GBX 1,083 and a twelve month high of GBX 1,977. The company has a market capitalization of £3.63 billion, a P/E ratio of 26.35, a P/E/G ratio of 11.51 and a beta of 0.58.

Insider Transactions at Softcat

In other news, insider Kathryn Mecklenburgh acquired 7,352 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average cost of GBX 1,365 per share, for a total transaction of £100,354.80. In the last quarter, insiders bought 31,865 shares of company stock valued at $42,706,786. 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.