Softcat (LON:SCT) Insider Kathryn Mecklenburgh Purchases 8 Shares

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh purchased 8 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was bought at an average price of GBX 1,936 per share, for a total transaction of £154.88.

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

• On Monday, June 8th, Kathryn Mecklenburgh acquired 8 shares of Softcat stock. The shares were bought at an average price of GBX 1,897 per share, with a total value of £151.76.
• On Thursday, May 7th, Kathryn Mecklenburgh acquired 10 shares of Softcat stock. The shares were bought at an average price of GBX 1,422 per share, with a total value of £142.20.
• On Monday, April 27th, Kathryn Mecklenburgh bought 7,352 shares of Softcat stock. The stock was bought at an average cost of GBX 1,365 per share, for a total transaction of £100,354.80.
• On Thursday, April 23rd, Kathryn Mecklenburgh purchased 24,461 shares of Softcat stock. The shares were bought at an average price of GBX 1,332 per share, for a total transaction of £325,820.52.

Softcat Stock Performance

SCT traded down GBX 84 on Wednesday, reaching GBX 1,835. The company had a trading volume of 198,521 shares, compared to its average volume of 2,356,380. Softcat plc has a 1 year low of GBX 1,083 and a 1 year high of GBX 1,977. The stock has a market capitalization of £3.60 billion, a PE ratio of 26.18, a P/E/G ratio of 11.51 and a beta of 0.58. 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 stock has a 50-day moving average price of GBX 1,666.60 and a 200-day moving average price of GBX 1,418.50.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and set a GBX 1,700 price target on shares of Softcat in a research note on Thursday, June 25th. Shore Capital Group reissued a “buy” rating on shares of Softcat in a report on Thursday, March 19th. Berenberg Bank lifted their target price on shares of Softcat from GBX 1,900 to GBX 1,950 and gave the company a “buy” rating in a report on Tuesday, May 26th. Royal Bank Of Canada downgraded shares of Softcat to a “neutral” rating and upped their price target for the company from GBX 1,550 to GBX 1,950 in a research report on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Softcat from GBX 1,700 to GBX 1,800 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,957.

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.