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

Shares of Softcat plc (LON:SCT) have been given an average rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 1,457.50 ($18.02).

A number of equities analysts have recently issued reports on SCT shares. Shore Capital reissued a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. Berenberg Bank reiterated a “hold” rating and set a GBX 1,600 ($19.78) target price on shares of Softcat in a report on Monday, October 28th.

Softcat Stock Down 0.7 %

Shares of LON:SCT opened at GBX 1,461 ($18.06) on Thursday. The business’s 50 day moving average is GBX 1,594.34 and its 200 day moving average is GBX 1,595.25. The stock has a market cap of £2.91 billion, a P/E ratio of 2,608.93, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat has a 52-week low of GBX 1,283 ($15.86) and a 52-week high of GBX 1,855 ($22.93). The company has a quick ratio of 1.38, a current ratio of 1.59 and a debt-to-equity ratio of 3.57.

Softcat Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 17th. Investors of record on Thursday, November 7th were paid a dividend of GBX 39 ($0.48) per share. This is a boost from Softcat’s previous dividend of $8.50. This represents a dividend yield of 2.55%. The ex-dividend date of this dividend was Thursday, November 7th. Softcat’s dividend payout ratio is 4,642.86%.

Insider Buying and Selling at Softcat

In related news, insider Graeme Watt sold 10,087 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of GBX 1,574 ($19.46), for a total transaction of £158,769.38 ($196,253.87). 43.60% of the stock is owned by insiders.

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.