Softcat (LON:SCT) Insider Kathryn Mecklenburgh Acquires 7 Shares of Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh purchased 7 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was bought at an average cost of GBX 1,991 per share, with a total value of £139.37.

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

• On Tuesday, July 7th, Kathryn Mecklenburgh acquired 8 shares of Softcat stock. The shares were purchased at an average cost of GBX 1,936 per share, for a total transaction of £154.88.
• On Monday, June 8th, Kathryn Mecklenburgh acquired 8 shares of Softcat stock. The shares were purchased at an average cost of GBX 1,897 per share, for a total transaction of £151.76.

Softcat Price Performance

LON:SCT opened at GBX 1,986 on Tuesday. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. The firm has a market cap of £3.90 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58. The company has a 50 day moving average price of GBX 1,876.82 and a 200-day moving average price of GBX 1,500.70. Softcat plc has a 1-year low of GBX 1,083 and a 1-year high of GBX 2,024.

Wall Street Analyst Weigh In

Several analysts recently commented on SCT shares. Jefferies Financial Group restated a “hold” rating and set a GBX 1,700 price target on shares of Softcat in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Berenberg Bank raised their target price on Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada lowered Softcat to a “neutral” rating and lifted their price target for the company from GBX 1,550 to GBX 1,950 in a research note on Monday, June 15th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,974.44.

About Softcat

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.