Softcat (SCT)

Sector:

IT Services

Index:

FTSE 250

1,617.00p
   
  • Change Today:
      20.00p
  • 52 Week High: 1,855.00p
  • 52 Week Low: 1,232.00p
  • Currency: UK Pounds
  • Shares Issued: 199.77m
  • Volume: 6,196
  • Market Cap: £3,230.27m
  • RiskGrade: 559
  • Beta: 1.10

Jefferies raises target price for Softcat

By Alexander Bueso

Date: Wednesday 29 May 2024

LONDON (ShareCast) - (Sharecast News) - Analysts at Jefferies reiterated their 'buy' recommendation on shares of Softcat, following the latest trading update out of the IT infrastructure and services provider.
In it the company pointed to unchanged market conditions during its third quarter, which the analysts said were all that was needed to deliver fiscal year guidance.

Hence, their unchanged estimates, although rolling forward their discounted cash flow model forward led them to revise their target price from 1,800.0p to 1,950.0p.

Nonetheless, management's update also implied that the green shoots of an end-market recovery remained just that - green shoots.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Softcat Market Data

Currency UK Pounds
Share Price 1,617.00p
Change Today 20.00p
% Change 1.25 %
52 Week High 1,855.00p
52 Week Low 1,232.00p
Volume 6,196
Shares Issued 199.77m
Market Cap £3,230.27m
Beta 1.10
RiskGrade 559

Softcat Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.2% below the market average98.2% below the market average98.2% below the market average98.2% below the market average98.2% below the market average
70% below the sector average70% below the sector average70% below the sector average70% below the sector average70% below the sector average
Price Trend
55.06% above the market average55.06% above the market average55.06% above the market average55.06% above the market average55.06% above the market average
49.43% above the sector average49.43% above the sector average49.43% above the sector average49.43% above the sector average49.43% above the sector average
Income
51.01% below the market average51.01% below the market average51.01% below the market average51.01% below the market average51.01% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
48.18% below the market average48.18% below the market average48.18% below the market average48.18% below the market average48.18% below the market average
87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average

What The Brokers Say

Strong Buy 3
Buy 5
Neutral 5
Sell 1
Strong Sell 1
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Softcat Dividends

  Latest Previous
  Final Special
Ex-Div 07-Nov-24 07-Nov-24
Paid 17-Dec-24 17-Dec-24
Amount 18.10p 20.90p

Trades for 22-Nov-2024

Time Volume / Share Price
08:55 57 @ 1,617.00p
08:54 112 @ 1,617.00p
08:51 64 @ 1,620.00p
08:51 64 @ 1,620.00p
08:50 275 @ 1,621.00p

Softcat Key Personnel

CEO Graham Charlton
CFO Kathryn Mecklenburgh

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