Shore Capital Reaffirms Softcat's Buy Rating 1

Softcat (LON:SCT) has had its “buy” rating reaffirmed by Shore Capital in a report issued on Friday. According to Marketbeat, the stock was trading up 1.1%. Softcat primarily acts as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. It advises, procures, designs, implements, and manages technology such as software licensing, workplace technology, networking, security, and cloud and data center solutions for businesses and public sector organizations. Softcat’s stock has a PE ratio of 2,055.56, a price-to-earnings-growth ratio of 11.51, and a beta of 0.80. Currently, 38.56% of the stock is owned by corporate insiders.

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Softcat (LON:SCT) has had its “buy” rating reaffirmed by Shore Capital in a report issued on Friday. According to Marketbeat, the stock was trading up 1.1%. Shares of LON:SCT opened at GBX 1,110 ($13.53) on Friday, with a market cap of Β£2.21 billion. The company has a quick ratio of 1.38, a current ratio of 1.42, and a debt-to-equity ratio of 3.16. Softcat primarily acts as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. It advises, procures, designs, implements, and manages technology such as software licensing, workplace technology, networking, security, and cloud and data center solutions for businesses and public sector organizations.

Softcat’s stock has a PE ratio of 2,055.56, a price-to-earnings-growth ratio of 11.51, and a beta of 0.80. The firm has a fifty-day simple moving average of GBX 1,209.69 and a two-hundred-day simple moving average of GBX 1,210.16. In December 2022, insiders Graeme Watt and Graham Charlton sold 26,631 and 12,801 shares of Softcat stock, respectively. Watt sold the shares at an average price of GBX 1,209 ($14.73), while Charlton sold at an average price of GBX 1,188 ($14.48).

Softcat has a twelve-month low of GBX 1,059 ($12.91) and a twelve-month high of GBX 1,922 ($23.42). Currently, 38.56% of the stock is owned by corporate insiders. For those interested, they can sign up for MarketBeat.com’s FREE daily email newsletter to receive a concise daily summary of the latest news and analysts’ ratings for Softcat and related companies.

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