Shares of Softcat plc (LON:SCT – Get Free Report) have been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 1,993.75.
Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Softcat to a “hold” rating and boosted their price target for the company from GBX 1,800 to GBX 2,140 in a research report on Wednesday, August 26th. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,700 price objective on shares of Softcat in a report on Thursday, June 25th. Royal Bank Of Canada lowered shares of Softcat to a “neutral” rating and raised their price objective for the stock from GBX 1,550 to GBX 1,950 in a report on Monday, June 15th. JPMorgan Chase & Co. lifted their price objective on Softcat from GBX 1,950 to GBX 2,300 and gave the company an “overweight” rating in a research report on Monday, September 7th. Finally, Berenberg Bank upped their target price on Softcat from GBX 1,950 to GBX 2,400 and gave the stock a “buy” rating in a report on Monday, September 21st.
Get Our Latest Stock Report on SCT
Softcat Trading Down 0.1%
Insider Activity at Softcat
In other news, insider Kathryn Mecklenburgh bought 176 shares of the stock in a transaction dated Monday, September 7th. The stock was bought at an average price of GBX 2,045 per share, for a total transaction of £3,599.20. Also, insider Graham Charlton bought 176 shares of the stock in a transaction dated Monday, September 7th. The stock was purchased at an average price of GBX 2,045 per share, with a total value of £3,599.20. Insiders bought a total of 384 shares of company stock valued at $749,739 in the last three months. Corporate insiders own 2.91% of the company’s stock.
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.
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