Softcat (LON:SCT) Price Target Raised to GBX 1,759

Softcat (LON:SCT) had its price target raised by stock analysts at JPMorgan Chase & Co. from GBX 1,450 ($18.86) to GBX 1,759 ($22.88) in a research note issued on Thursday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 4.33% from the company’s previous close.

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

Softcat Stock Performance

Shares of LON SCT traded down GBX 43 ($0.56) during midday trading on Thursday, reaching GBX 1,686 ($21.93). 2,712,007 shares of the company traded hands, compared to its average volume of 1,001,509. The stock has a 50-day moving average price of GBX 1,553.14 and a 200 day moving average price of GBX 1,563.25. The company has a market cap of £3.35 billion, a price-to-earnings ratio of 28.23, a PEG 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 52 week low of GBX 1,415 ($18.41) and a 52 week high of GBX 1,855 ($24.13).

Softcat (LON:SCT) last announced its earnings results 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%. Sell-side analysts anticipate that Softcat will post 60.72 earnings per share for the current fiscal year.

Insider Activity at Softcat

In other news, insider Jacqui Ferguson purchased 3,038 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average cost of GBX 1,470 ($19.12) per share, for a total transaction of £44,658.60 ($58,096.27). Also, insider Graham Charlton sold 15,380 shares of Softcat stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.37), for a total value of £229,008.20 ($297,916.22). In the last ninety days, insiders have purchased 3,067 shares of company stock valued at $4,511,098. Corporate 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.