Softcat plc (LON:SCT) Given Average Recommendation of “Hold” by Brokerages

Shares of Softcat plc (LON:SCT) have received a consensus rating of “Hold” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 1,474 ($18.53).

A number of equities research analysts have weighed in on the stock. Shore Capital reiterated a “buy” rating on shares of Softcat in a research note on Thursday, October 24th. Berenberg Bank reiterated a “hold” rating and set a GBX 1,600 ($20.11) target price on shares of Softcat in a research report on Monday, October 28th.

Softcat Price Performance

Shares of Softcat stock opened at GBX 1,609 ($20.23) on Wednesday. The firm has a fifty day moving average price of GBX 1,598.51 and a two-hundred day moving average price of GBX 1,624.54. Softcat has a fifty-two week low of GBX 1,235 ($15.52) and a fifty-two week high of GBX 1,855 ($23.32). The company has a debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38. The company has a market cap of £3.20 billion, a PE ratio of 2,875.00, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Softcat Increases Dividend

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