Softcat plc (LON:SCT) Receives GBX 2,012.50 Average PT from Analysts

Softcat plc (LON:SCT) has received a consensus recommendation of “Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 2,012.50 ($26.29).

SCT has been the topic of several recent analyst reports. Barclays reissued an “overweight” rating and set a GBX 1,950 ($25.48) price objective on shares of Softcat in a research note on Tuesday, October 26th. Peel Hunt reissued a “buy” rating and set a GBX 2,100 ($27.44) price objective on shares of Softcat in a research note on Tuesday, October 26th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,100 ($27.44) price target on shares of Softcat in a research note on Tuesday, October 26th. Finally, Berenberg Bank lifted their price target on shares of Softcat from GBX 1,750 ($22.86) to GBX 1,900 ($24.82) and gave the company a “hold” rating in a research note on Friday, November 12th.

Softcat stock traded up GBX 2 ($0.03) during midday trading on Friday, hitting GBX 1,857 ($24.26). 121,909 shares of the stock were exchanged, compared to its average volume of 309,615. The company has a fifty day simple moving average of GBX 2,038.99 and a two-hundred day simple moving average of GBX 1,937.27. Softcat has a 52 week low of GBX 1,097 ($14.33) and a 52 week high of GBX 2,251.06 ($29.41). The stock has a market capitalization of £3.70 billion and a PE ratio of 38.49. The company has a quick ratio of 1.35, a current ratio of 1.52 and a debt-to-equity ratio of 4.63.

The business also recently declared a dividend, which will be paid on Monday, December 20th. Shareholders of record on Thursday, November 11th will be paid a GBX 34.90 ($0.46) dividend. The ex-dividend date is Thursday, November 11th. This represents a yield of 1.86%. This is a positive change from Softcat’s previous dividend of $6.40. Softcat’s payout ratio is presently 0.48%.

Softcat Company Profile

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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