Softcat (SCT) Earns “Add” Rating from Numis Securities

Softcat (LON:SCT)‘s stock had its “add” rating restated by Numis Securities in a report released on Thursday, ThisIsMoney.Co.Uk reports.

Softcat stock opened at GBX 940 ($12.28) on Thursday. Softcat has a one year low of GBX 551 ($7.20) and a one year high of GBX 940.50 ($12.29). The stock has a market cap of $1.82 billion and a PE ratio of 29.75.

In other news, insider Martin Hellawell sold 99,292 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of GBX 873 ($11.41), for a total transaction of £866,819.16 ($1,132,652.76). Also, insider Graham Charlton sold 46,000 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of GBX 863 ($11.28), for a total transaction of £396,980 ($518,724.68).

About Softcat

Softcat plc primarily acts as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, designs, procures, implements, and manages technology for businesses and public sector organizations, such as software licensing, workplace technology, networking, security, and cloud and datacenter.

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Analyst Recommendations for Softcat (LON:SCT)

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