Softcat (LON:SCT) Stock Rating Reaffirmed by Peel Hunt
Softcat (LON:SCT)‘s stock had its “buy” rating reaffirmed by equities researchers at Peel Hunt in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.
Other equities research analysts also recently issued research reports about the stock. Credit Suisse Group reissued a “neutral” rating on shares of Softcat in a research note on Monday, March 9th. Barclays started coverage on shares of Softcat in a research note on Tuesday, March 10th. They issued an “overweight” rating and a GBX 1,220 ($16.05) target price on the stock. Berenberg Bank downgraded shares of Softcat to a “hold” rating and set a GBX 1,100 ($14.47) target price on the stock. in a research note on Monday, November 25th. Finally, Jefferies Financial Group increased their target price on shares of Softcat from GBX 1,300 ($17.10) to GBX 1,440 ($18.94) and gave the company a “buy” rating in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Softcat presently has an average rating of “Buy” and an average price target of GBX 1,184.50 ($15.58).
Shares of SCT traded down GBX 18.50 ($0.24) during midday trading on Tuesday, hitting GBX 905.50 ($11.91). The stock had a trading volume of 972,679 shares, compared to its average volume of 400,057. Softcat has a 1 year low of GBX 769 ($10.12) and a 1 year high of GBX 1,277 ($16.80). The firm has a market cap of $1.75 billion and a PE ratio of 26.32. The stock’s 50 day moving average is GBX 1,120.06 and its 200 day moving average is GBX 1,088.03.
In related news, insider Robyn Perriss purchased 15,000 shares of Softcat stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average price of GBX 1,002 ($13.18) per share, with a total value of £150,300 ($197,711.13).
Softcat plc primarily acts as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, designs, procures, implements, and manages technology for businesses and public sector organizations, such as software licensing, workplace technology, networking, security, and cloud and datacenter.
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