Key Points
- Insider sale: Director Graeme Watt sold 20,213 Softcat shares on December 11 at an average price of GBX 1,429, netting £288,843.77.
- Analyst and market view: While several brokers have raised targets (JPMorgan's target rose to GBX 2,950), MarketBeat's consensus is a "Hold" with a mean price target of GBX 1,902.22; Softcat's market cap is £2.89bn and it trades at a PE of 21.86.
- Financial snapshot: Last quarter EPS was GBX 69.50 with a 43.79% ROE and 12.37% net margin, though the company shows elevated leverage (debt-to-equity 3.48) and analysts forecast ~60.72 EPS for the year.
Softcat plc (LON:SCT - Get Free Report) insider Graeme Watt sold 20,213 shares of the firm's stock in a transaction on Thursday, December 11th. The shares were sold at an average price of GBX 1,429, for a total transaction of £288,843.77.
Softcat Price Performance
Shares of LON:SCT opened at GBX 1,447 on Friday. The firm has a market cap of £2.89 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat plc has a 52 week low of GBX 1,393 and a 52 week high of GBX 1,960. The firm's fifty day moving average is GBX 1,511.24 and its 200-day moving average is GBX 1,606.33. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60.
Softcat (LON:SCT - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The company reported GBX 69.50 EPS for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. Sell-side analysts predict that Softcat plc will post 60.72 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on SCT shares. Peel Hunt reiterated a "buy" rating and set a GBX 2,135 price objective on shares of Softcat in a research report on Tuesday, November 18th. Shore Capital reiterated a "buy" rating and set a GBX 1,925 price target on shares of Softcat in a report on Wednesday, October 22nd. UBS Group reissued a "sell" rating and issued a GBX 1,400 price objective on shares of Softcat in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft upgraded Softcat to a "buy" rating and upped their target price for the company from GBX 1,830 to GBX 1,900 in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upgraded Softcat to an "overweight" rating and lifted their target price for the stock from GBX 2,820 to GBX 2,950 in a report on Thursday, December 4th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Softcat presently has a consensus rating of "Hold" and a consensus price target of GBX 1,902.22.
View Our Latest Research Report on Softcat
About Softcat
(
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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.
Further Reading
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