Softcat (LON:SCT) Insider Purchases £159.28 in Stock

Softcat plc (LON:SCT) insider Graham Charlton bought 8 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of GBX 1,991 per share, with a total value of £159.28.

Graham Charlton also recently made the following trade(s):

• On Tuesday, July 7th, Graham Charlton bought 7 shares of Softcat stock. The stock was acquired at an average cost of GBX 1,936 per share, for a total transaction of £135.52.
• On Monday, June 8th, Graham Charlton purchased 8 shares of Softcat stock. The stock was acquired at an average cost of GBX 1,897 per share, for a total transaction of £151.76.

Softcat Stock Performance

Shares of LON SCT opened at GBX 2,008 on Friday. Softcat plc has a 12 month low of GBX 1,083 and a 12 month high of GBX 2,024. The company has a market cap of £3.94 billion, a P/E ratio of 28.64, a P/E/G ratio of 11.51 and a beta of 0.57. The business’s 50 day moving average is GBX 1,884.78 and its two-hundred day moving average is GBX 1,513.16. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07.

Analysts Set New Price Targets

A number of analysts have weighed in on SCT shares. Royal Bank Of Canada downgraded shares of Softcat to a “neutral” rating and increased their price target for the company from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th. Berenberg Bank boosted their price objective on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,700 price objective on shares of Softcat in a research report on Thursday, June 25th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Softcat currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,974.44.

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.