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

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh bought 10 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of GBX 1,601 ($19.93) per share, with a total value of £160.10 ($199.28).

Softcat Price Performance

SCT opened at GBX 1,622 ($20.19) on Thursday. Softcat plc has a 1 year low of GBX 1,415 ($17.61) and a 1 year high of GBX 1,855 ($23.09). The stock has a fifty day moving average price of GBX 1,534.82 and a 200 day moving average price of GBX 1,565.68. The company has a current ratio of 1.59, a quick ratio of 1.38 and a debt-to-equity ratio of 3.57. The stock has a market cap of £3.23 billion, a price-to-earnings ratio of 2,896.43, a PEG ratio of 11.51 and a beta of 0.71.

Analysts Set New Price Targets

A number of analysts recently issued reports on SCT shares. Berenberg Bank reissued a “hold” rating and set a GBX 1,600 ($19.92) price objective on shares of Softcat in a research report on Monday, October 28th. Shore Capital reissued a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 1,457.50 ($18.14).

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.