Softcat plc (LON:SCT) Insider Purchases £149.20 in Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh acquired 10 shares of Softcat stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average cost of GBX 1,492 ($19.51) per share, with a total value of £149.20 ($195.11).

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

• On Monday, July 8th, Kathryn Mecklenburgh purchased 9 shares of Softcat stock. The stock was bought at an average price of GBX 1,654 ($21.63) per share, for a total transaction of £148.86 ($194.66).

Softcat Trading Up 0.1 %

Shares of Softcat stock opened at GBX 1,488.96 ($19.47) on Wednesday. Softcat plc has a 12-month low of GBX 1,150 ($15.04) and a 12-month high of GBX 1,855 ($24.26). The firm’s 50 day simple moving average is GBX 1,588.81 and its two-hundred day simple moving average is GBX 1,613.58. The company has a current ratio of 1.59, a quick ratio of 1.38 and a debt-to-equity ratio of 3.57. The firm has a market capitalization of £2.97 billion, a price-to-earnings ratio of 2,655.36, a PEG ratio of 11.51 and a beta of 0.71.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SCT shares. Jefferies Financial Group lowered Softcat to an “underperform” rating and cut their target price for the company from GBX 1,950 ($25.50) to GBX 1,490 ($19.48) in a research note on Friday, July 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 1,250 ($16.35) price objective on shares of Softcat in a research report on Thursday, July 25th. Finally, Shore Capital downgraded shares of Softcat to a “hold” rating in a research note on Wednesday, June 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Softcat presently has an average rating of “Hold” and an average target price of GBX 1,442.50 ($18.86).

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.