Softcat (LON:SCT) Insider Buys £139.37 in Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh acquired 7 shares of Softcat stock in a transaction dated Friday, August 7th. The stock was purchased at an average cost of GBX 1,991 per share, for a total transaction of £139.37.

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

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

Softcat Trading Up 1.5%

LON SCT opened at GBX 2,008 on Friday. Softcat plc has a one year low of GBX 1,083 and a one year high of GBX 2,024. The company’s 50 day moving average price is GBX 1,884.78 and its 200 day moving average price is GBX 1,513.16. The company has a debt-to-equity ratio of 13.07, a quick ratio of 1.38 and a current ratio of 1.25. The firm has a market capitalization of £3.94 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 11.51 and a beta of 0.57.

Wall Street Analysts Forecast Growth

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