Softcat plc (LON:SCT) Receives Consensus Rating of “Hold” from Analysts

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Softcat plc (LON:SCT) has earned an average rating of “Hold” from the five research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,008.50 ($13.18).

A number of brokerages recently weighed in on SCT. Morgan Stanley began coverage on shares of Softcat in a research note on Tuesday, March 9th. They issued an “overweight” rating on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reaffirmed a “neutral” rating on shares of Softcat in a research note on Monday, March 22nd.

Softcat stock traded up GBX 54 ($0.71) during midday trading on Friday, reaching GBX 1,945 ($25.41). The company had a trading volume of 391,988 shares, compared to its average volume of 467,759. The company has a market capitalization of £3.87 billion and a P/E ratio of 43.61. Softcat has a 12-month low of GBX 1,016.72 ($13.28) and a 12-month high of GBX 1,949 ($25.46). The firm’s fifty day simple moving average is GBX 1,608.18 and its 200-day simple moving average is GBX 1,378.08. The company has a debt-to-equity ratio of 6.19, a current ratio of 1.51 and a quick ratio of 1.41.

The company also recently declared a dividend, which will be paid on Friday, May 14th. Stockholders of record on Wednesday, March 31st will be issued a dividend of GBX 6.40 ($0.08) per share. The ex-dividend date is Wednesday, March 31st. This represents a dividend yield of 0.36%. Softcat’s dividend payout ratio is currently 0.37%.

In other news, insider Graeme Watt sold 31,585 shares of the firm’s stock in a transaction that occurred on Wednesday, April 7th. The shares were sold at an average price of GBX 1,873 ($24.47), for a total transaction of £591,587.05 ($772,912.27). Also, insider Martin Hellawell sold 111,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 26th. The stock was sold at an average price of GBX 1,526 ($19.94), for a total transaction of £1,693,860 ($2,213,038.93).

About Softcat

Softcat plc primarily acts 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.

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Analyst Recommendations for Softcat (LON:SCT)

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