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

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh bought 13 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were acquired at an average price 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 purchased 11 shares of Softcat stock. The stock was purchased at an average cost of GBX 1,380 per share, with a total value of £151.80.

Softcat Price Performance

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. UBS Group reissued a “sell” rating and set a GBX 1,400 price objective on shares of Softcat in a report on Friday, October 17th. 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 report on Thursday, October 23rd. JPMorgan Chase & Co. raised shares of Softcat to an “overweight” rating and raised 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 upgraded shares of Softcat to a “buy” rating and upped their target price for the company from GBX 1,830 to GBX 1,900 in a research report on Thursday, October 23rd. Finally, Shore Capital Group reaffirmed a “buy” rating and set a GBX 1,925 price objective on shares of Softcat in a research note on Wednesday, October 22nd. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Softcat presently has a consensus rating of “Hold” and a consensus price target of GBX 1,902.22.

About Softcat

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.