Softcat plc (LON:SCT) Receives Consensus Recommendation of “Hold” from Analysts

Softcat plc (LON:SCT) has earned a consensus recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 1,457.50 ($18.40).

Several equities analysts recently weighed in on the company. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research note on Thursday, October 24th. Berenberg Bank reissued a “hold” rating and issued a GBX 1,600 ($20.19) target price on shares of Softcat in a report on Monday, October 28th.

Insider Activity

In related news, insider Graeme Watt sold 7,213 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of GBX 1,562 ($19.71), for a total transaction of £112,667.06 ($142,202.52). Company insiders own 43.60% of the company’s stock.

Softcat Trading Up 0.1 %

Shares of SCT opened at GBX 1,526 ($19.26) on Friday. The firm’s 50-day moving average is GBX 1,607.87 and its two-hundred day moving average is GBX 1,616.39. Softcat has a twelve month low of GBX 1,267 ($15.99) and a twelve month high of GBX 1,855 ($23.41). The company has a current ratio of 1.59, a quick ratio of 1.38 and a debt-to-equity ratio of 3.57. The firm has a market capitalization of £3.04 billion, a P/E ratio of 2,725.00, a PEG ratio of 11.51 and a beta of 0.71.

Softcat Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Thursday, November 7th will be given a dividend of GBX 39 ($0.49) per share. This is an increase 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 presently 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.