Softcat (LON:SCT) Insider Acquires £135.52 in Stock

Softcat plc (LON:SCT) insider Graham Charlton acquired 7 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were bought at an average cost of GBX 1,936 per share, with a total value of £135.52.

Graham Charlton also recently made the following trade(s):

• On Monday, June 8th, Graham Charlton bought 8 shares of Softcat stock. The stock was bought at an average price of GBX 1,897 per share, with a total value of £151.76.
• On Thursday, May 7th, Graham Charlton bought 11 shares of Softcat stock. The stock was purchased at an average cost of GBX 1,422 per share, for a total transaction of £156.42.

Softcat Stock Up 0.7%

LON:SCT opened at GBX 1,884 on Friday. Softcat plc has a 52 week low of GBX 1,083 and a 52 week high of GBX 1,977. The stock’s fifty day moving average is GBX 1,696.67 and its two-hundred day moving average is GBX 1,427.58. The stock has a market capitalization of £3.70 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 11.51 and a beta of 0.58. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07.

Analysts Set New Price Targets

Several research firms have weighed in on SCT. Berenberg Bank lifted their target price on Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Shore Capital Group reissued a “buy” rating on shares of Softcat in a research report on Thursday, March 19th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,700 price objective on shares of Softcat in a research note on Thursday, June 25th. Royal Bank Of Canada cut shares of Softcat to a “neutral” rating and lifted their price objective for the company from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,957.

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.