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Jefferies Group Begins Coverage on Softcat PLC (SCT)

Jefferies Group Begins Coverage On Softcat PLC (SCT)Jefferies Group assumed coverage on shares of Softcat PLC (LON:SCT) in a research report issued to clients and investors on Thursday, Market Beat[1] reports. The firm set a hold rating and a GBX 345 ($5.02) price target on the stock. Jefferies Group s price objective indicates a potential upside of 2.99% from the stock s previous close.

In related news, insider Hellawell,Martin sold 1,522,932 shares of the company s stock in a transaction that occurred on Thursday, November 19th. The stock was sold at an average price of GBX 240 ($3.49), for a total transaction of 3,655,036.80 ($5,321,061.00). Softcat PLC (LON:SCT[2]) opened at 343.0000 on Thursday. The company has a 50 day moving average of GBX 0.00 and a 200-day moving average of GBX 0.00. Softcat PLC has a one year low of GBX 337.50 and a one year high of GBX 343.50. Softcat plc, formerly Softcat Limited, is an information technology (LON:SCT[3]) infrastructure and services provider. The Company provides corporate and public sector organization s with IT infrastructure solutions, including the products and services they require to design, implement, support and manage these solutions, on premise, in the cloud or a combination of both. The Company s solutions include software licensing and sales, hardware sales, and professional and managed services for its customers core IT requirements, such as workplace technology, data center infrastructure and networking and security. It also provides its solutions to public sector customers and enterprise customers. The Company offers solutions in the areas of infrastructure, Microsoft, networking, asset management and security. It operates from Marlow in Buckinghamshire, and has approximately four branch offices in Bristol, Leeds, London and Manchester. eCAT is its online reporting and e-Procurement site.document.write( Jefferies Group Begins Coverage On Softcat PLC (SCT) );

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References

  1. ^ Market Beat (www.marketbeat.com)
  2. ^ LON:SCT (www.marketbeat.com)
  3. ^ LON:SCT (www.marketbeat.com)
  4. ^ MarketBeat.com’s FREE daily email newsletter (zolmax.com)



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