Softcat (SCT) Earns “Hold” Rating from Berenberg Bank
Separately, Jefferies Group upgraded shares of Softcat to a buy rating and upped their price objective for the company from GBX 345 ($4.62) to GBX 565 ($7.57) in a research note on Monday, October 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of GBX 426 ($5.71).
Softcat (SCT) traded down GBX 2 ($0.03) during trading on Wednesday, reaching GBX 517 ($6.92). 330,576 shares of the company’s stock traded hands, compared to its average volume of 472,114. Softcat has a 1 year low of GBX 283 ($3.79) and a 1 year high of GBX 722.93 ($9.68).
In other Softcat news, insider Peter Ventress purchased 18,202 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were bought at an average price of GBX 547 ($7.33) per share, for a total transaction of £99,564.94 ($133,339.95). In the last 90 days, insiders have bought 18,304 shares of company stock worth $10,001,566.
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Softcat Plc is an information technology (IT) reseller and IT infrastructure solutions provider to the corporate and public sector markets. The Company provides organizations with workplace, datacenter and networking, and security solutions combined with all the services required to design, implement, support and manage them, on premise or in the cloud.
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