Softcat (LON:SCT) Insider Kathryn Mecklenburgh Buys 13 Shares of Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh bought 13 shares of Softcat stock in a transaction on Monday, February 9th. The shares were acquired at an average cost of GBX 1,172 per share, with a total value of £152.36.

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

• On Wednesday, January 7th, Kathryn Mecklenburgh bought 11 shares of Softcat stock. The stock was bought at an average cost of GBX 1,380 per share, for a total transaction of £151.80.

Softcat Stock Down 0.1%

LON SCT opened at GBX 1,146 on Wednesday. The stock’s 50-day moving average price is GBX 1,408.41 and its 200-day moving average price is GBX 1,504.17. The company has a market capitalization of £2.27 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat plc has a 52 week low of GBX 1,135 and a 52 week high of GBX 1,960. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Shore Capital Group restated a “buy” rating and set a GBX 1,925 price objective on shares of Softcat in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. upgraded Softcat to an “overweight” rating and increased their price target for the stock from GBX 2,820 to GBX 2,950 in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft raised Softcat to a “buy” rating and raised their price target for the company from GBX 1,830 to GBX 1,900 in a report on Thursday, October 23rd. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,135 price objective on shares of Softcat in a research note on Tuesday, November 18th. Finally, Jefferies Financial Group increased their target price on Softcat from GBX 1,400 to GBX 1,450 and gave the stock an “underperform” rating in a research report on Thursday, October 23rd. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 1,902.22.

About Softcat

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.