Softcat (LON:SCT) Insider Buys £143.82 in Stock

Key Points

• Insider Graham Charlton purchased 9 shares of Softcat plc at an average price of GBX 1,598 per share, totaling £143.82 on September 8th.
• Softcat's stock is currently trading at GBX 1,611, with a market capitalization of £3.21 billion and a significant price-to-earnings ratio of 2,577.60.
• Analysts have mixed ratings, with three recommending a "Buy" and two a "Hold," while the consensus target price is GBX 1,813.80.

Softcat plc (LON:SCT - Get Free Report) insider Graham Charlton bought 9 shares of the stock in a transaction dated Monday, September 8th. The stock was bought at an average cost of GBX 1,598 per share, for a total transaction of £143.82.

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

• On Thursday, August 7th, Graham Charlton acquired 9 shares of Softcat stock. The shares were purchased at an average price of GBX 1,588 per share, for a total transaction of £142.92.

Softcat Trading Up 0.9%

Shares of LON SCT traded up GBX 15 during mid-day trading on Friday, reaching GBX 1,603. The company had a trading volume of 235,746 shares, compared to its average volume of 788,642. The business's 50-day moving average is GBX 1,607.63 and its 200-day moving average is GBX 1,653.19. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The stock has a market cap of £3.20 billion, a price-to-earnings ratio of 2,564.80, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat plc has a 52 week low of GBX 1,427 and a 52 week high of GBX 1,960.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SCT. Shore Capital reissued a "buy" rating and set a GBX 1,950 price target on shares of Softcat in a research report on Thursday, August 28th. Liberum Capital raised shares of Softcat to a "buy" rating and set a GBX 1,800 price target for the company in a research report on Thursday, July 24th. Citigroup reduced their price target on shares of Softcat from GBX 2,000 to GBX 1,960 and set a "buy" rating for the company in a research report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Softcat in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Softcat currently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,813.80.

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.