Softcat (LON:SCT) Insider Buys £3,599.20 in Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh acquired 176 shares of the business’s stock in a transaction on Monday, September 7th. The shares were purchased at an average price of GBX 2,045 per share, for a total transaction of £3,599.20.

Kathryn Mecklenburgh also recently made the following trade(s):

• On Friday, August 7th, Kathryn Mecklenburgh bought 7 shares of Softcat stock. The stock was bought at an average price of GBX 1,991 per share, for a total transaction of £139.37.
• On Tuesday, July 7th, Kathryn Mecklenburgh purchased 8 shares of Softcat stock. The shares were acquired at an average price of GBX 1,936 per share, with a total value of £154.88.

Softcat Price Performance

Softcat stock traded down GBX 173 during trading hours on Tuesday, hitting GBX 1,867. 9,894,557 shares of the company traded hands, compared to its average volume of 1,960,991. Softcat plc has a 1-year low of GBX 1,083 and a 1-year high of GBX 2,134. The firm has a market cap of £3.67 billion, a P/E ratio of 26.63, a P/E/G ratio of 11.51 and a beta of 0.57. The firm’s 50-day simple moving average is GBX 1,966.21 and its two-hundred day simple moving average is GBX 1,606.29. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07.

Analyst Ratings Changes

A number of research firms have recently weighed in on SCT. Royal Bank Of Canada downgraded shares of Softcat to a “neutral” rating and upped their price target for the stock from GBX 1,550 to GBX 1,950 in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft downgraded Softcat to a “hold” rating and boosted their target price for the company from GBX 1,800 to GBX 2,140 in a research note on Wednesday, August 26th. Berenberg Bank raised their price target on Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,700 price target on shares of Softcat in a report on Thursday, June 25th. Finally, JPMorgan Chase & Co. increased their price objective on Softcat from GBX 1,950 to GBX 2,300 and gave the stock an “overweight” rating in a report on Monday. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 1,937.50.

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. It also offers public cloud, collaboration, connectivity, data centre and private cloud, devices, and financial solution services. In addition, the company provides IT asset management, lifecycle solutions, modern management, security, software licensing, supply chain operation, and virtual desktop and application.