Softcat (LON:SCT) Given New GBX 1,759 Price Target at JPMorgan Chase & Co.

Softcat (LON:SCT) had its price target raised by equities researchers at JPMorgan Chase & Co. from GBX 1,450 ($18.72) to GBX 1,759 ($22.71) in a report released on Thursday, MarketBeat.com reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 6.80% from the stock’s previous close.

Separately, Shore Capital restated a “buy” rating on shares of Softcat in a research note on Wednesday.

Softcat Trading Down 1.6 %

Shares of SCT opened at GBX 1,647 ($21.27) on Thursday. The stock’s 50-day moving average is GBX 1,560.13 and its two-hundred day moving average is GBX 1,564.59. The stock has a market cap of £3.28 billion, a PE ratio of 27.57, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat has a 12 month low of GBX 1,415 ($18.27) and a 12 month high of GBX 1,855 ($23.95). 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 (LON:SCT) last issued its quarterly earnings data on Wednesday, March 19th. The company reported GBX 28.70 ($0.37) EPS for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. Equities analysts forecast that Softcat will post 60.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jacqui Ferguson acquired 3,038 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of GBX 1,470 ($18.98) per share, with a total value of £44,658.60 ($57,661.20). Also, insider Graham Charlton sold 15,380 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.23), for a total value of £229,008.20 ($295,685.22). Over the last 90 days, insiders have acquired 3,067 shares of company stock worth $4,511,098. 43.60% of the stock is currently owned by corporate insiders.

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.