Shore Capital Reiterates Buy Rating for Softcat (LON:SCT)

Softcat (LON:SCT)‘s stock had its “buy” rating reiterated by investment analysts at Shore Capital in a research report issued to clients and investors on Friday, Marketbeat reports.

Softcat Stock Performance

Shares of SCT opened at GBX 1,544 ($19.95) on Friday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38. Softcat has a 1 year low of GBX 1,415 ($18.28) and a 1 year high of GBX 1,855 ($23.97). The firm has a market cap of £3.07 billion, a PE ratio of 25.85, a PEG ratio of 11.51 and a beta of 0.71. The stock’s fifty day moving average price is GBX 1,548.34 and its two-hundred day moving average price is GBX 1,565.53.

Insider Activity at Softcat

In related news, insider Jacqui Ferguson acquired 3,038 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average cost of GBX 1,470 ($18.99) per share, for a total transaction of £44,658.60 ($57,705.91). Also, insider Graham Charlton sold 15,380 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.24), for a total value of £229,008.20 ($295,914.46). In the last three months, insiders have purchased 3,058 shares of company stock worth $4,497,310. 43.60% of the stock is owned by company insiders.

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.