Softcat plc (LON:SCT) to Issue GBX 8.50 Dividend

Softcat plc (LON:SCT) declared a dividend on Tuesday, March 26th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 11th will be given a dividend of GBX 8.50 ($0.11) per share on Wednesday, May 22nd. This represents a dividend yield of 0.57%. The ex-dividend date is Thursday, April 11th. The official announcement can be seen at this link.

Softcat Trading Up 0.4 %

Softcat stock opened at GBX 1,583 ($20.01) on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.88. The firm has a 50-day moving average price of GBX 1,489.01 and a two-hundred day moving average price of GBX 1,397.81. The firm has a market capitalization of £3.16 billion, a price-to-earnings ratio of 2,816.07, a PEG ratio of 11.51 and a beta of 0.71. Softcat has a 52-week low of GBX 1,150 ($14.53) and a 52-week high of GBX 1,640 ($20.73).

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SCT shares. Numis Securities reissued a “buy” rating on shares of Softcat in a research note on Thursday, March 7th. Panmure Gordon initiated coverage on shares of Softcat in a report on Thursday, February 22nd. They issued a “hold” rating and a GBX 1,490 ($18.83) target price on the stock. HSBC upgraded shares of Softcat to a “buy” rating and set a GBX 1,540 ($19.46) price target on the stock in a report on Monday, December 4th. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 1,150 ($14.53) price objective on shares of Softcat in a research report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,420 ($17.95).

About Softcat

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.