Shares of Softcat plc (LON:SCT – Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 1,691.57 ($21.40) and traded as high as GBX 1,790 ($22.64). Softcat shares last traded at GBX 1,790 ($22.64), with a volume of 164,869 shares trading hands.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Shore Capital cut shares of Softcat to a “hold” rating in a research report on Wednesday, June 26th. Jefferies Financial Group upped their target price on Softcat from GBX 1,800 ($22.77) to GBX 1,950 ($24.66) and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Numis Securities reiterated a “buy” rating on shares of Softcat in a research note on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 1,532.50 ($19.38).
Check Out Our Latest Stock Report on Softcat
Softcat Price Performance
Insider Buying and Selling at Softcat
In related news, insider Graham Charlton sold 35,000 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of GBX 1,583 ($20.02), for a total value of £554,050 ($700,796.86). 37.87% of the stock is currently 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.
See Also
- Five stocks we like better than Softcat
- The Significance of Brokerage Rankings in Stock Selection
- AbbVie Stock: A Perfect Dip for Investors to Buy
- Bank Stocks – Best Bank Stocks to Invest In
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
- 3 Stocks to Consider Buying in October
- GitLab Stock Rebounds: The Inside Story of Its Comeback
Receive News & Ratings for Softcat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Softcat and related companies with MarketBeat.com's FREE daily email newsletter.