Graham Charlton Buys 9 Shares of Softcat plc (LON:SCT) Stock

Key Points

• Insider Graham Charlton purchased 9 shares of Softcat plc at an average price of GBX 1,588 ($21.35), totaling £142.92 ($192.15).
• Softcat's shares have received upgraded ratings from analysts, with a target price of GBX 1,800 ($24.20) from Liberum Capital and GBX 1,950 ($26.22) from Shore Capital.
• The company operates as a value-added IT reseller in the UK, providing technology solutions including software licensing and cloud management to businesses and public sector organizations.

Softcat plc (LON:SCT - Get Free Report) insider Graham Charlton bought 9 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of GBX 1,588 ($21.49) per share, for a total transaction of £142.92 ($193.37).

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

• On Monday, June 9th, Graham Charlton acquired 9 shares of Softcat stock. The shares were bought at an average cost of GBX 1,815 ($24.56) per share, for a total transaction of £163.35 ($221.01).

Softcat Stock Up 0.0%

LON SCT traded up GBX 0.03 ($0.00) during trading on Friday, hitting GBX 1,558.03 ($21.08). The company's stock had a trading volume of 283,829 shares, compared to its average volume of 761,689. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. Softcat plc has a fifty-two week low of GBX 1,427 ($19.31) and a fifty-two week high of GBX 1,960 ($26.52). The company has a market cap of £3.10 billion, a PE ratio of 26.08, a P/E/G ratio of 11.51 and a beta of 0.71. The business's 50 day simple moving average is GBX 1,689.86 and its 200-day simple moving average is GBX 1,654.52.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SCT shares. Shore Capital reiterated a "buy" rating and issued a GBX 1,950 ($26.38) price target on shares of Softcat in a research note on Friday, August 1st. Liberum Capital raised shares of Softcat to a "buy" rating and set a GBX 1,800 ($24.35) target price for the company in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Softcat in a report on Friday, July 18th.

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.