Softcat stock reacts to Deutsche Bank downgrade as executives buy shares
Published on 09/09/2026 at 21:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Softcat stock faced renewed selling pressure on the London Stock Exchange on September 9, 2026 after Deutsche Bank lowered its recommendation to hold even as it raised its price target to 2,140 pence, while Softcat executives simultaneously increased their personal shareholdings under an incentive plan.
Deutsche Bank trims rating but raises target
According to Scottish Widows on September 9, 2026, Deutsche Bank cut Softcat from buy to hold but lifted its price target from 1,800 pence to 2,140 pence, implying a 18.9 percent increase in the bank's valuation benchmark.
As Scottish Widows reports, Softcat shares were quoted at around 2,036 pence at 10:38 BST on September 9, 2026, down 2.2 percent on the day as investors digested the downgrade.
Executives add shares under incentive plan
In parallel with the rating change, Softcat signaled internal confidence through fresh management share purchases disclosed in a recent regulatory filing.
As TipRanks reported on September 9, 2026, chief executive officer Graham Charlton and chief financial officer Katy Mecklenburgh each acquired seven ordinary Softcat shares under the company Share Incentive Plan at a price of 2,082 pence per share on September 7, 2026, with the transactions executed on the London Stock Exchange.
These purchases, although modest in size, took place at a price roughly 2.3 percent above the 2,036 pence level cited in the Deutsche Bank note, illustrating that the executives have been willing to buy into short-term volatility.
Recent price move and market context
Softcat stock has already experienced a sharp setback ahead of the Deutsche Bank downgrade.
Per market data cited in a recent article, Softcat stock closed at 1,867 pence on the London Stock Exchange on September 8, 2026, down 8.5 percent from a prior close of 2,040 pence, a decline of 173 pence in a single session as sellers dominated trading.
Stock price and trading snapshot
On the London Stock Exchange, Softcat stock (ticker SCT) was last quoted at approximately 2,036 pence on September 9, 2026, with the price move reflecting the reaction to Deutsche Bank's rating cut and the broader weakness in software and IT shares noted in London market commentary.
Softcat stock key data
- Company: Softcat plc
- ISIN: GB00BYZ2B577
- Ticker: SCT
- Trading venue: London Stock Exchange
- Price (as of September 9, 2026): 2,036.00 pence
- Sector / Industry: Information Technology Services
- Index membership: FTSE 250
