Jefferies Financial Group Reiterates Hold Rating for Softcat (LON:SCT)

Softcat (LON:SCT)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Financial Group in a note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 1,700 price target on the stock. Jefferies Financial Group’s target price would indicate a potential downside of 4.91% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upped their price target on Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Berenberg Bank lifted their price objective on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a report on Tuesday, May 26th. Shore Capital Group reissued a “buy” rating on shares of Softcat in a research report on Thursday, March 19th. Finally, Royal Bank Of Canada cut shares of Softcat to a “neutral” rating and increased their target price for the stock from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,957.

Softcat Stock Up 0.7%

LON:SCT opened at GBX 1,787.83 on Thursday. The stock has a 50-day simple moving average of GBX 1,566.23 and a 200 day simple moving average of GBX 1,390.73. Softcat has a 52-week low of GBX 1,083 and a 52-week high of GBX 1,913. The company has a market cap of £3.51 billion, a PE ratio of 25.50, a PEG 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.

Insider Transactions at Softcat

In related news, insider Kathryn Mecklenburgh bought 7,352 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average price of GBX 1,365 per share, for a total transaction of £100,354.80. Insiders bought a total of 31,850 shares of company stock worth $42,677,746 in the last 90 days. Corporate insiders own 2.91% 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.