Softcat (LON:SCT) Given "Hold" Rating at Berenberg Bank

Softcat (LON:SCT - Get Free Report)'s stock had its "hold" rating reaffirmed by research analysts at Berenberg Bank in a research note issued on Wednesday, MarketBeat Ratings reports. They presently have a GBX 1,600 ($20.67) price objective on the stock. Berenberg Bank's price target would indicate a potential downside of 3.32% from the company's current price.

A number of other research firms also recently issued reports on SCT. Shore Capital reissued a "buy" rating on shares of Softcat in a report on Wednesday, March 19th. JPMorgan Chase & Co. increased their price target on Softcat from GBX 1,450 ($18.74) to GBX 1,759 ($22.73) and gave the stock a "neutral" rating in a research report on Thursday.

Softcat Stock Performance

LON:SCT traded up GBX 8 ($0.10) during mid-day trading on Wednesday, hitting GBX 1,655 ($21.39). 155,912 shares of the stock were exchanged, compared to its average volume of 940,140. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. The firm's 50-day simple moving average is GBX 1,563.91 and its 200 day simple moving average is GBX 1,565.22. Softcat has a fifty-two week low of GBX 1,415 ($18.28) and a fifty-two week high of GBX 1,855 ($23.97). The stock has a market capitalization of £3.29 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Softcat (LON:SCT - Get Free Report) last posted 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%. As a group, equities analysts anticipate that Softcat will post 60.72 EPS for the current fiscal year.

Insider Buying and Selling at Softcat

In other Softcat news, insider Jacqui Ferguson acquired 3,038 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired at an average cost of GBX 1,470 ($18.99) per share, for a total transaction of £44,658.60 ($57,705.91). Also, insider Graham Charlton sold 15,380 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of GBX 1,489 ($19.24), for a total value of £229,008.20 ($295,914.46). Insiders have bought a total of 3,067 shares of company stock valued at $4,511,098 in the last ninety days. 43.60% of the stock is currently owned by company 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.