JPMorgan Chase & Co. reissued their underweight rating on shares of Softcat (LON:SCT – Free Report) in a report published on Thursday morning, MarketBeat Ratings reports. The firm currently has a GBX 1,250 ($16.17) price target on the stock.
Several other research analysts have also recently commented on the stock. Shore Capital cut shares of Softcat to a hold rating in a report on Wednesday, June 26th. Jefferies Financial Group lowered shares of Softcat to an underperform rating and dropped their price target for the stock from GBX 1,950 ($25.22) to GBX 1,490 ($19.27) in a research report on Friday, July 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Softcat currently has an average rating of Hold and an average price target of GBX 1,442.50 ($18.66).
Check Out Our Latest Stock Analysis on Softcat
Softcat Stock Up 1.1 %
Insider Buying and Selling
In related news, insider Graham Charlton sold 35,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of GBX 1,583 ($20.47), for a total transaction of £554,050 ($716,567.51). 37.87% of the stock is owned by insiders.
About Softcat
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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