Graham Charlton Buys 176 Shares of Softcat (LON:SCT) Stock

Key Points

• Softcat insider Graham Charlton bought 176 shares at GBX 2,045 each, totaling £3,599.20; he also made smaller purchases in July and August.
• Softcat shares fell 8.5% to GBX 1,867 during Tuesday trading, with volume substantially above average. The company has a £3.67 billion market capitalization and trades at a P/E ratio of 26.63.
• Analyst sentiment remains mixed, with four Buy, three Hold, and one Sell rating. The consensus rating is Hold, with an average price target of GBX 1,937.50.

Softcat plc (LON:SCT - Get Free Report) insider Graham Charlton bought 176 shares of the business's stock in a transaction that occurred on Monday, September 7th. The stock was acquired 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 acquired 8 shares of Softcat stock. The shares were bought at an average price of GBX 1,991 per share, for a total transaction of £159.28.
• On Tuesday, July 7th, Graham Charlton acquired 7 shares of Softcat stock. The shares were purchased at an average cost of GBX 1,936 per share, with a total value of £135.52.

Softcat Trading Down 8.5%

Softcat stock traded down GBX 173 during midday trading on Tuesday, reaching GBX 1,867. The stock had a trading volume of 9,894,557 shares, compared to its average volume of 1,960,991. The company has a quick ratio of 1.38, a current ratio of 1.25 and a debt-to-equity ratio of 13.07. The firm has a market cap of £3.67 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 11.51 and a beta of 0.57. Softcat plc has a 52-week low of GBX 1,083 and a 52-week high of GBX 2,134. The company has a fifty day moving average of GBX 1,966.21 and a 200 day moving average of GBX 1,606.29.

Analysts Set New Price Targets

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

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. 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.

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