Softcat stock trades at GBp 1,799 as GDT deal resets outlook
Published on 09/29/2026 at 10:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Softcat stock was trading at GBp 1,799 on the London Stock Exchange on September 29, 2026, at 9:25 a.m. London time, up 0.45 percent from the prior close of GBp 1,791. The key company development is a USD 1.05 billion US acquisition that also lifted Softcat's FY2026 operating profit outlook.
GDT deal expands US capability
According to Investegate on September 17, 2026, Softcat agreed to acquire GDT Topco for an enterprise value of USD 1.05 billion, or GBP 785 million. GDT adds US capabilities in data center and networking solutions, broadening Softcat's offer for multinational customers.
The transaction is expected to deliver high single-digit to low double-digit underlying EPS accretion in the first full fiscal year, according to Investegate. Softcat plans to fund the deal with cash, GBP 550 million of new debt facilities and a GBP 350 million equity placing.
Guidance moves into high-teens
Softcat's FY2026 trading update raised underlying operating profit growth guidance to high-teens from mid-teens previously. The company also expects cash conversion toward the top of its 85 percent to 95 percent guided range, while FY2027 underlying operating profit growth is projected at high single-digit excluding GDT, according to Investegate.
The next scheduled checkpoint is Softcat's FY2026 preliminary results on October 14, 2026. That date gives investors a defined test for the upgraded outlook before the GDT contribution becomes part of the reported picture.
Analyst target stays above price
Berenberg raised its Softcat price target to GBp 2,400 from GBp 1,950 and maintained a buy rating in a note dated September 21, 2026, MarketBeat reported. At GBp 1,799, that target stands 33.41 percent above the reference price.
Stock remains below yearly high
Softcat's 52-week range is GBp 1,083 to GBp 2,134, putting the September 29 price 15.70 percent below the high. Trading volume stood at 17,347 shares at the same time, while the stock's modest daily gain leaves the acquisition and October results as the clearer valuation tests.
Softcat stock snapshot
- Company: Softcat plc
- Ticker: SCT.L
- Trading venue: London Stock Exchange
- Price (as of September 29, 2026, 9:25 a.m. London time): GBp 1,799
- Market capitalization: GBP 3.5 billion (as of September 29, 2026)
- 52-week range: GBp 1,083-2,134 (as of September 29, 2026)
- Sector / Industry: Technology / Information Technology Services
- Index membership: FTSE 250
- Next earnings date: October 14, 2026
