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Home / Support and Resistance / Softcat (SCT.L) 13-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Softcat (SCT.L) 13-03-20

Will Softcat (SCT.L) shares break through support at 930p, or push upwards again to 1257p (+33%)?

 

  • Shares trading at 938.5p, near the 930p support (at time of writing).
  • Will the pattern repeat this time? This support has proven to be a key level in the recent past.
  • 1257p was the recent high. (+33%)
  • Shares -25% from 12-month highs; +16% from 12 month lows.

Latest News

10 Mar:  Barclays Capital today initiates coverage of Softcat Plc (SCT) with a overweight rating and target price of 1220p.

25 Feb:  Peel Hunt today initiates coverage of Softcat Plc (SCT) with a buy rating and target price of 1407p.

29 Jan:  Martin Hellawell, Chairman, exercised 76,968 shares within the firm on the 28th January 2020. This Director currently has 7,652,857 shares.

21 Jan:  Jefferies International reiterates its buy rating on Softcat Plc (SCT) and increased the target price to 1440p (from 1300p).

13 Jan:  Graham Charlton, Executive Director, sold 12,000 shares within the firm on the 10th January 2020 at a price of 1147p. This Director currently has 49,606 shares.

27 Nov:  Jefferies International reiterates its buy rating on Softcat Plc (SCT) and increased the target price to 1300p (from 1250p).

27 Nov:  Softcat, the IT firm, announced it had increased revenue and profits within Q1.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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