Shares of Softcat plc (LON:SCT) have earned a consensus rating of “Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 2,027.50 ($27.52).
SCT has been the subject of a number of research reports. Barclays reiterated an “overweight” rating and set a GBX 2,010 ($27.28) target price on shares of Softcat in a research note on Tuesday. Peel Hunt restated a “buy” rating and issued a GBX 2,100 ($28.51) price objective on shares of Softcat in a research note on Tuesday, October 26th. Berenberg Bank upped their price objective on Softcat from GBX 1,750 ($23.75) to GBX 1,900 ($25.79) and gave the stock a “hold” rating in a research note on Friday, November 12th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 2,100 ($28.51) price objective on shares of Softcat in a research note on Tuesday, October 26th.
In other Softcat news, insider Graeme Watt sold 38,444 shares of the stock in a transaction on Friday, November 26th. The stock was sold at an average price of GBX 1,841 ($24.99), for a total value of £707,754.04 ($960,708.62).
The business also recently disclosed a dividend, which was paid on Monday, December 20th. Stockholders of record on Thursday, November 11th were paid a GBX 34.90 ($0.47) dividend. This represents a dividend yield of 1.86%. This is a positive change from Softcat’s previous dividend of $6.40. The ex-dividend date of this dividend was Thursday, November 11th. Softcat’s dividend payout ratio is 0.48%.
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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