Softcat (LON:SCT) Insider Buys £3,599.20 in Stock

Softcat plc (LON:SCT) insider Graham Charlton bought 176 shares of the stock in a transaction on Monday, September 7th. The stock was purchased at an average cost of GBX 2,045 per share, with a total value of £3,599.20.

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

• On Friday, August 7th, Graham Charlton purchased 8 shares of Softcat stock. The shares were purchased at an average cost of GBX 1,991 per share, for a total transaction of £159.28.
• On Tuesday, July 7th, Graham Charlton purchased 7 shares of Softcat stock. The shares were purchased at an average price of GBX 1,936 per share, for a total transaction of £135.52.

Softcat Stock Performance

LON:SCT opened at GBX 1,838 on Friday. The stock’s 50-day moving average is GBX 1,963.87 and its 200-day moving average is GBX 1,621.66. Softcat plc has a 1-year low of GBX 1,083 and a 1-year high of GBX 2,134. The company has a current ratio of 1.25, a quick ratio of 1.38 and a debt-to-equity ratio of 13.07. The stock has a market cap of £3.61 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 11.51 and a beta of 0.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SCT shares. JPMorgan Chase & Co. boosted their target price on shares of Softcat from GBX 1,950 to GBX 2,300 and gave the stock an “overweight” rating in a report on Monday. Berenberg Bank raised their price target on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,700 price target on shares of Softcat in a report on Thursday, June 25th. Royal Bank Of Canada cut shares of Softcat to a “neutral” rating and boosted their price objective for the stock from GBX 1,550 to GBX 1,950 in a research note on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft downgraded Softcat to a “hold” rating and increased their price objective for the company from GBX 1,800 to GBX 2,140 in a report on Wednesday, August 26th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 1,937.50.

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.