Softcat (LON:SCT – Get Free Report) was downgraded by analysts at Shore Capital to a “hold” rating in a research report issued on Wednesday, MarketBeat Ratings reports.
A number of other equities research analysts have also commented on the company. Numis Securities reiterated a “buy” rating on shares of Softcat in a research report on Thursday, March 7th. Jefferies Financial Group upped their price target on Softcat from GBX 1,800 ($22.83) to GBX 1,950 ($24.74) and gave the company a “buy” rating in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 1,532.50 ($19.44).
Softcat Price Performance
Insider Activity at Softcat
In related news, insider Graham Charlton sold 35,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of GBX 1,583 ($20.08), for a total transaction of £554,050 ($702,841.56). 37.87% of the stock is owned by corporate 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.
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