Insider Buying: Softcat plc (LON:SCT) Insider Buys £142.92 in Stock

Softcat plc (LON:SCT) insider Graham Charlton acquired 9 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were purchased at an average cost of GBX 1,588 ($21.56) per share, with a total value of £142.92 ($194.08).

Graham Charlton also recently made the following trade(s):

• On Monday, June 9th, Graham Charlton bought 9 shares of Softcat stock. The shares were acquired at an average price of GBX 1,815 ($24.65) per share, with a total value of £163.35 ($221.82).

Softcat Stock Performance

SCT stock opened at GBX 1,567 ($21.28) on Thursday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. The business has a 50-day moving average price of GBX 1,695.02 and a 200 day moving average price of GBX 1,654.22. The company has a market capitalization of £3.12 billion, a P/E ratio of 26.23, a PEG ratio of 11.51 and a beta of 0.71. Softcat plc has a 1-year low of GBX 1,427 ($19.38) and a 1-year high of GBX 1,960 ($26.62).

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SCT shares. Liberum Capital upgraded Softcat to a “buy” rating and set a GBX 1,800 ($24.44) target price for the company in a research report on Thursday, July 24th. Shore Capital reiterated a “buy” rating and set a GBX 1,950 ($26.48) target price on shares of Softcat in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Softcat in a research report on Friday, July 18th.

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.