Softcat plc (LON:SCT) Stock Has Consensus Target Price of GBX 2,104.17

Softcat plc (LON:SCT) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,104.17.

A number of analysts have weighed in on SCT shares. Deutsche Bank Aktiengesellschaft cut Softcat to a “hold” rating and increased their price objective for the stock from GBX 1,800 to GBX 2,140 in a research report on Wednesday, August 26th. Berenberg Bank restated a “buy” rating and set a GBX 2,400 target price on shares of Softcat in a research report on Friday, October 16th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,700 target price on shares of Softcat in a research report on Wednesday, October 14th. Finally, JPMorgan Chase & Co. upped their target price on Softcat from GBX 1,950 to GBX 2,300 and gave the company an “overweight” rating in a report on Monday, September 7th.

Insider Transactions at Softcat

In other Softcat news, insider Lynne Weedall bought 1,058 shares of Softcat stock in a transaction that occurred on Friday, October 16th. The shares were purchased at an average cost of GBX 1,890 per share, for a total transaction of £19,996.20. Also, insider Graham Charlton bought 529 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The stock was bought at an average cost of GBX 1,890 per share, for a total transaction of £9,998.10. Insiders bought 12,816 shares of company stock worth $24,246,219 in the last three months. 2.91% of the stock is currently owned by company insiders.

Softcat Stock Performance

LON:SCT opened at GBX 1,696 on Friday. Softcat has a 52 week low of GBX 1,083 and a 52 week high of GBX 2,134. The company has a fifty day simple moving average of GBX 1,872.72 and a two-hundred day simple moving average of GBX 1,609.07. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 10.41. The company has a market cap of £3.65 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58.

Softcat (LON:SCT) last posted its quarterly earnings results on Wednesday, October 14th. The company reported GBX 75.80 EPS for the quarter. Softcat had a net margin of 7.61% and a return on equity of 46.24%. As a group, equities analysts anticipate that Softcat will post 60.72 earnings per share for the current fiscal year.

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.