Softcat (LON:SCT) Insider Buys £152.36 in Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh purchased 13 shares of Softcat stock in a transaction that occurred on Monday, February 9th. The shares were bought at an average cost of GBX 1,172 per share, with a total value of £152.36.

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

• On Wednesday, January 7th, Kathryn Mecklenburgh acquired 11 shares of Softcat stock. The stock was bought at an average cost of GBX 1,380 per share, with a total value of £151.80.

Softcat Stock Down 0.1%

SCT traded down GBX 1 during trading on Tuesday, reaching GBX 1,146. 105,472,469 shares of the stock were exchanged, compared to its average volume of 9,072,808. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. The stock’s 50 day moving average price is GBX 1,414.41 and its two-hundred day moving average price is GBX 1,507.55. Softcat plc has a twelve month low of GBX 1,135 and a twelve month high of GBX 1,960. The stock has a market cap of £2.27 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Softcat to an “overweight” rating and upped their price objective for the company from GBX 2,820 to GBX 2,950 in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft raised shares of Softcat to a “buy” rating and lifted their price objective for the stock from GBX 1,830 to GBX 1,900 in a research report on Thursday, October 23rd. Jefferies Financial Group increased their price objective on shares of Softcat from GBX 1,400 to GBX 1,450 and gave the company an “underperform” rating in a research report on Thursday, October 23rd. Peel Hunt restated a “buy” rating and set a GBX 2,135 target price on shares of Softcat in a research note on Tuesday, November 18th. Finally, UBS Group reiterated a “sell” rating and issued a GBX 1,400 price target on shares of Softcat in a research note on Friday, October 17th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 1,902.22.

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.