Jefferies Financial Group cut shares of Softcat (LON:SCT – Free Report) to an underperform rating in a research note published on Friday, MarketBeat.com reports. Jefferies Financial Group currently has GBX 1,490 ($19.09) price objective on the stock, down from their prior price objective of GBX 1,950 ($24.98).
A number of other brokerages have also recently weighed in on SCT. Shore Capital cut shares of Softcat to a hold rating in a report on Wednesday, June 26th. Numis Securities reiterated a buy rating on shares of Softcat in a research note on Thursday, March 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of GBX 1,417.50 ($18.16).
View Our Latest Analysis on SCT
Softcat Trading Down 2.5 %
Insider Activity
In related news, insider Graham Charlton sold 35,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of GBX 1,583 ($20.28), for a total value of £554,050 ($709,683.62). Insiders own 37.87% of the company’s stock.
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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