Softcat plc (LON:SCT) Given Average Rating of “Hold” by Analysts

Shares of Softcat plc (LON:SCT) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 1,474 ($18.71).

Several brokerages have issued reports on SCT. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,600 ($20.30) price target on shares of Softcat in a research note on Monday, October 28th. Shore Capital restated a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 1,250 ($15.86) price target on shares of Softcat in a research report on Thursday, July 25th.

Softcat Stock Performance

LON SCT opened at GBX 1,629 ($20.67) on Wednesday. Softcat has a 52-week low of GBX 1,220 ($15.48) and a 52-week high of GBX 1,855 ($23.54). The company has a fifty day moving average of GBX 1,588.65 and a 200-day moving average of GBX 1,624.99. The company has a market capitalization of £3.24 billion, a P/E ratio of 2,910.71, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.38 and a current ratio of 1.59.

Softcat Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Thursday, November 7th will be paid a GBX 39 ($0.49) dividend. This is a boost from Softcat’s previous dividend of $8.50. This represents a yield of 2.55%. The ex-dividend date is Thursday, November 7th. Softcat’s payout ratio is 4,642.86%.

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.