Softcat plc (LON:SCT) Stock Has Consensus Price Target of GBX 1,993.75

Shares of Softcat plc (LON:SCT) have been assigned an average rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,993.75.

SCT has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Softcat from GBX 1,950 to GBX 2,300 and gave the stock an “overweight” rating in a report on Monday, September 7th. Jefferies Financial Group restated a “hold” rating and set a GBX 1,700 price target on shares of Softcat in a research report on Thursday, June 25th. Royal Bank Of Canada lowered shares of Softcat to a “neutral” rating and upped their price target for the stock from GBX 1,550 to GBX 1,950 in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft cut shares of Softcat to a “hold” rating and increased their price objective for the company from GBX 1,800 to GBX 2,140 in a report on Wednesday, August 26th. Finally, Berenberg Bank raised their price objective on shares of Softcat from GBX 1,950 to GBX 2,400 and gave the company a “buy” rating in a research note on Monday, September 21st.

Softcat Price Performance

Shares of SCT opened at GBX 1,825 on Monday. The firm has a market capitalization of £3.93 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58. The company has a debt-to-equity ratio of 13.07, a quick ratio of 1.38 and a current ratio of 1.25. Softcat has a one year low of GBX 1,083 and a one year high of GBX 2,134. The stock’s fifty day moving average is GBX 1,949.11 and its 200-day moving average is GBX 1,715.89.

Insiders Place Their Bets

In other news, insider Graham Charlton purchased 176 shares of the firm’s stock in a transaction on Monday, September 7th. The stock was purchased at an average cost of GBX 2,045 per share, with a total value of £3,599.20. Also, insider Kathryn Mecklenburgh purchased 176 shares of the stock in a transaction dated Monday, September 7th. The shares were purchased at an average price of GBX 2,045 per share, for a total transaction of £3,599.20. Over the last ninety days, insiders have acquired 367 shares of company stock valued at $749,705. 2.91% of the stock is currently owned by corporate insiders.

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.