Softcat (LON:SCT) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Softcat (LON:SCT) had its price target hoisted by equities research analysts at Berenberg Bank from GBX 1,900 to GBX 1,950 in a research note issued to investors on Tuesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 19.12% from the company’s previous close.

Several other research firms have also commented on SCT. Shore Capital Group restated a “buy” rating on shares of Softcat in a research note on Thursday, March 19th. Jefferies Financial Group reduced their price objective on Softcat from GBX 1,500 to GBX 1,210 and set a “hold” rating for the company in a research note on Thursday, March 19th. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 1,914.44.

Softcat Price Performance

Shares of SCT opened at GBX 1,637 on Tuesday. The firm has a market cap of £3.21 billion, a PE ratio of 23.35, a P/E/G ratio of 11.51 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 1.38 and a debt-to-equity ratio of 13.07. The firm has a fifty day simple moving average of GBX 1,309.82 and a two-hundred day simple moving average of GBX 1,337.14. Softcat has a 1-year low of GBX 1,083 and a 1-year high of GBX 1,960.

Softcat (LON:SCT) last announced its earnings results on Wednesday, March 18th. The company reported GBX 36.10 earnings per share for the quarter. Softcat had a net margin of 8.06% and a return on equity of 45.16%. On average, equities analysts anticipate that Softcat will post 60.72 EPS for the current year.

Insider Transactions at Softcat

In other Softcat news, insider Kathryn Mecklenburgh purchased 7,352 shares of the business’s stock in a transaction on Monday, April 27th. The stock was acquired at an average price of GBX 1,365 per share, for a total transaction of £100,354.80. In the last ninety days, insiders acquired 31,834 shares of company stock valued at $42,647,394. Corporate insiders own 2.89% 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.