Softcat (LON:SCT) Insider Buys 7 Shares

Key Points

• Softcat insider Kathryn Mecklenburgh purchased 7 shares at GBX 1,991 each on August 7, for a total of £139.37. She has also bought shares in June and July.
• Softcat shares opened at GBX 1,986 and were down 0.5%, while the company’s market capitalization stood at approximately £3.90 billion.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of GBX 1,974.44.

Softcat plc (LON:SCT - Get Free Report) insider Kathryn Mecklenburgh bought 7 shares of Softcat stock in a transaction on Friday, August 7th. The stock was purchased at an average price of GBX 1,991 per share, with a total value of £139.37.

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

• On Tuesday, July 7th, Kathryn Mecklenburgh purchased 8 shares of Softcat stock. The stock was purchased at an average price of GBX 1,936 per share, for a total transaction of £154.88.
• On Monday, June 8th, Kathryn Mecklenburgh acquired 8 shares of Softcat stock. The stock was purchased at an average cost of GBX 1,897 per share, for a total transaction of £151.76.

Softcat Stock Down 0.5%

Shares of Softcat stock opened at GBX 1,986 on Tuesday. 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 company has a market cap of £3.90 billion, a P/E ratio of 28.33, a PEG ratio of 11.51 and a beta of 0.58. The firm's 50 day moving average price is GBX 1,876.82 and its 200-day moving average price is GBX 1,500.70. Softcat plc has a 52-week low of GBX 1,083 and a 52-week high of GBX 2,024.

Analysts Set New Price Targets

Several equities analysts have issued reports on SCT shares. Berenberg Bank lifted their price target on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the stock a "buy" rating in a report on Tuesday, May 26th. Jefferies Financial Group reiterated a "hold" rating and set a GBX 1,700 price objective on shares of Softcat in a report on Thursday, June 25th. Royal Bank Of Canada cut Softcat to a "neutral" rating and raised their price objective for the stock from GBX 1,550 to GBX 1,950 in a research report on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Softcat from GBX 1,700 to GBX 1,800 and gave the stock a "buy" rating in a research note on Tuesday, May 26th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Softcat has an average rating of "Moderate Buy" and an average target price of GBX 1,974.44.

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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