Softcat plc (LON:SCT) Insider Acquires £160.10 in Stock

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh bought 10 shares of Softcat stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of GBX 1,601 ($19.84) per share, with a total value of £160.10 ($198.39).

Softcat Stock Up 1.3 %

Shares of SCT stock traded up GBX 21 ($0.26) during trading on Monday, reaching GBX 1,621 ($20.09). The company’s stock had a trading volume of 51,574 shares, compared to its average volume of 842,938. The company has a quick ratio of 1.38, a current ratio of 1.59 and a debt-to-equity ratio of 3.57. Softcat plc has a one year low of GBX 1,415 ($17.53) and a one year high of GBX 1,855 ($22.99). The business has a fifty day moving average price of GBX 1,531.74 and a 200-day moving average price of GBX 1,565.22. The company has a market cap of £3.23 billion, a price-to-earnings ratio of 2,894.64, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Berenberg Bank restated a “hold” rating and issued a GBX 1,600 ($19.83) price target on shares of Softcat in a research report on Monday, October 28th. Shore Capital reiterated a “buy” rating on shares of Softcat in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 1,457.50 ($18.06).

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.