Softcat (LON:SCT) Downgraded by Shore Capital to “Hold”

Shore Capital cut shares of Softcat (LON:SCT) to a hold rating in a research report sent to investors on Wednesday, Marketbeat Ratings reports.

A number of other analysts have also issued reports on the company. Numis Securities restated a buy rating on shares of Softcat in a research note on Thursday, March 7th. Jefferies Financial Group raised their target price on Softcat from GBX 1,800 ($22.83) to GBX 1,950 ($24.74) and gave the company a buy rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of GBX 1,532.50 ($19.44).

Softcat Trading Up 0.1 %

Shares of Softcat stock opened at GBX 1,808 ($22.94) on Wednesday. Softcat has a fifty-two week low of GBX 1,150 ($14.59) and a fifty-two week high of GBX 1,855 ($23.53). The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.38 and a current ratio of 1.59. The firm has a market capitalization of £3.61 billion, a price-to-earnings ratio of 3,226.79, a PEG ratio of 11.51 and a beta of 0.71. The stock has a 50 day moving average of GBX 1,669.78 and a 200 day moving average of GBX 1,532.80.

Insider Activity

In related news, insider Graham Charlton sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of GBX 1,583 ($20.08), for a total transaction of £554,050 ($702,841.56). Company insiders own 37.87% 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.