Softcat’s (SCT) Hold Rating Reaffirmed at Berenberg Bank

Softcat (LON:SCT)‘s stock had its “hold” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued on Wednesday,London Stock Exchange reports. They presently have a GBX 1,600 ($20.81) target price on the stock. Berenberg Bank’s price target points to a potential downside of 5.10% from the company’s current price.

Several other analysts have also commented on SCT. Shore Capital reissued a “buy” rating on shares of Softcat in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Softcat from GBX 1,450 ($18.86) to GBX 1,759 ($22.88) and gave the company a “neutral” rating in a research note on Thursday.

Softcat Trading Down 2.5 %

Shares of SCT traded down GBX 43 ($0.56) during midday trading on Wednesday, hitting GBX 1,686 ($21.93). The stock had a trading volume of 2,712,007 shares, compared to its average volume of 1,001,509. The stock’s 50 day moving average is GBX 1,553.14 and its 200 day moving average is GBX 1,563.25. The firm has a market cap of £3.35 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. 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 1 year low of GBX 1,415 ($18.41) and a 1 year high of GBX 1,855 ($24.13).

Softcat (LON:SCT) last announced 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%. As a group, analysts forecast that Softcat will post 60.72 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jacqui Ferguson acquired 3,038 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was acquired at an average price of GBX 1,470 ($19.12) per share, with a total value of £44,658.60 ($58,096.27). Also, insider Graham Charlton sold 15,380 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.37), for a total transaction of £229,008.20 ($297,916.22). Over the last quarter, insiders purchased 3,067 shares of company stock valued at $4,511,098. Insiders own 43.60% of the company’s stock.

Softcat Company Profile

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.