Softcat (LON:SCT) Insider Kathryn Mecklenburgh Purchases 9 Shares

Key Points

• Kathryn Mecklenburgh purchased 9 shares of Softcat's stock at an average cost of GBX 1,598 per share, totaling £143.82, on September 8th.
• Softcat's stock showed a slight decline, trading at GBX 1,611, with a 1-year low of GBX 1,427 and a high of GBX 1,960.
• Analysts have varying ratings on Softcat, with a consensus "Moderate Buy" rating and an average target price of GBX 1,813.80.

Softcat plc (LON:SCT - Get Free Report) insider Kathryn Mecklenburgh acquired 9 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were bought at an average price of GBX 1,598 per share, with a total value of £143.82.

Kathryn Mecklenburgh also recently made the following trade(s):

• On Thursday, August 7th, Kathryn Mecklenburgh acquired 10 shares of Softcat stock. The stock was purchased at an average cost of GBX 1,588 per share, for a total transaction of £158.80.

Softcat Stock Up 0.9%

Softcat stock traded up GBX 15 during midday trading on Friday, hitting GBX 1,603. 235,746 shares of the company were exchanged, compared to its average volume of 788,642. The company's fifty day moving average price is GBX 1,607.63 and its 200-day moving average price is GBX 1,653.19. The company has a market cap of £3.20 billion, a PE ratio of 2,564.80, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. 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 and a fifty-two week high of GBX 1,960.

Analysts Set New Price Targets

A number of research analysts recently commented on SCT shares. Liberum Capital upgraded Softcat to a "buy" rating and set a GBX 1,800 price objective for the company in a research note on Thursday, July 24th. Citigroup reduced their price target on 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. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Softcat in a research report on Thursday. Finally, Shore Capital reiterated a "buy" rating and set a GBX 1,950 price target on shares of Softcat in a research report on Thursday, August 28th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.