Softcat (LON:SCT) Stock Rating Reaffirmed by Shore Capital

Softcat (LON:SCTGet Free Report)‘s stock had its “buy” rating restated by analysts at Shore Capital in a research report issued to clients and investors on Monday, MarketBeat Ratings reports.

SCT has been the topic of a number of other reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 1,150 ($14.42) price target on shares of Softcat in a research report on Thursday, December 14th. HSBC raised Softcat to a “buy” rating and set a GBX 1,540 ($19.31) target price on the stock in a research report on Monday, December 4th.

View Our Latest Report on SCT

Softcat Trading Up 2.6 %

LON SCT opened at GBX 1,515 ($18.99) on Monday. Softcat has a 52 week low of GBX 1,061 ($13.30) and a 52 week high of GBX 1,549 ($19.42). The company has a 50 day moving average price of GBX 1,351.54 and a 200 day moving average price of GBX 1,387.92. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.88. The firm has a market cap of £3.03 billion, a PE ratio of 2,705.36, a price-to-earnings-growth ratio of 11.51 and a beta of 0.77.

Insider Activity

In related news, insider Graeme Watt sold 23,673 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of GBX 1,289 ($16.16), for a total value of £305,144.97 ($382,530.99). Corporate insiders own 38.54% of the company’s stock.

Softcat Company Profile

(Get Free Report)

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.

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