Softcat (LON:SCT) Receives Hold Rating from Berenberg Bank

Berenberg Bank restated their hold rating on shares of Softcat (LON:SCT) in a research note released on Monday morning, Marketbeat reports. The brokerage currently has a GBX 1,600 ($20.75) price objective on the stock.

Several other equities analysts also recently issued reports on SCT. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 1,250 ($16.21) price objective on shares of Softcat in a report on Thursday, July 25th. Shore Capital reissued a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. Finally, Jefferies Financial Group downgraded shares of Softcat to an “underperform” rating and dropped their price objective for the company from GBX 1,950 ($25.29) to GBX 1,490 ($19.32) in a report on Friday, July 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 1,474 ($19.12).

Softcat Stock Up 0.7 %

Shares of SCT stock opened at GBX 1,779 ($23.07) on Monday. The stock’s fifty day moving average price is GBX 1,548.56 and its 200 day moving average price is GBX 1,612.74. Softcat has a 1-year low of GBX 1,220 ($15.82) and a 1-year high of GBX 1,855 ($24.06). The company has a market cap of £3.54 billion, a price-to-earnings ratio of 3,153.57, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38.

Softcat Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Thursday, November 7th will be given a GBX 39 ($0.51) dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a dividend yield of 2.55%. This is an increase from Softcat’s previous dividend of $8.50. Softcat’s dividend 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.