Softcat (LON:SCT) Receives “Hold” Rating from Berenberg Bank

Softcat (LON:SCT)‘s stock had its “hold” rating restated by analysts at Berenberg Bank in a research note issued to investors on Wednesday, Marketbeat reports. They currently have a GBX 1,600 ($20.75) target price on the stock. Berenberg Bank’s target price would indicate a potential downside of 4.74% from the company’s current price.

A number of other research analysts have also commented on the company. Shore Capital reissued a “buy” rating on shares of Softcat in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on Softcat from GBX 1,450 ($18.80) to GBX 1,759 ($22.81) and gave the company a “neutral” rating in a report on Thursday.

Softcat Stock Performance

Shares of SCT stock opened at GBX 1,679.56 ($21.78) on Wednesday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. Softcat has a fifty-two week low of GBX 1,415 ($18.35) and a fifty-two week high of GBX 1,855 ($24.05). The stock’s 50-day moving average is GBX 1,557.09 and its two-hundred day moving average is GBX 1,563.98. The firm has a market cap of £3.34 billion, a P/E ratio of 28.12, a PEG ratio of 11.51 and a beta of 0.71.

Softcat (LON:SCT) last issued its earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.37) earnings per share for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. Analysts predict that Softcat will post 60.72 earnings per share for the current fiscal year.

Insider Activity

In other Softcat news, insider Jacqui Ferguson bought 3,038 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average price of GBX 1,470 ($19.06) per share, for a total transaction of £44,658.60 ($57,907.94). Also, insider Graham Charlton sold 15,380 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.31), for a total value of £229,008.20 ($296,950.47). In the last quarter, insiders have purchased 3,067 shares of company stock valued at $4,511,098. Insiders own 43.60% 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.