Softcat plc (LON:SCT) Increases Dividend to GBX 39 Per Share

Softcat plc (LON:SCT) declared a dividend on Thursday, October 24th, Upcoming.Co.Uk reports. Investors of record on Thursday, November 7th will be given a dividend of GBX 39 ($0.51) per share on Tuesday, December 17th. This represents a yield of 2.55%. The ex-dividend date is Thursday, November 7th. This is a boost from Softcat’s previous dividend of $8.50. The official announcement can be seen at this link.

Softcat Trading Up 11.7 %

Softcat stock opened at GBX 1,712 ($22.23) on Thursday. Softcat has a 52 week low of GBX 1,197 ($15.54) and a 52 week high of GBX 1,855 ($24.08). The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.38 and a current ratio of 1.59. The stock has a market capitalization of £3.41 billion, a P/E ratio of 3,089.29, a PEG ratio of 11.51 and a beta of 0.71. The stock has a 50-day simple moving average of GBX 1,541.81 and a 200 day simple moving average of GBX 1,610.76.

Wall Street Analyst Weigh In

SCT has been the subject of a number of research analyst reports. Shore Capital cut Softcat to a “hold” rating in a report on Wednesday, June 26th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 1,250 ($16.23) price objective on shares of Softcat in a report on Thursday, July 25th. Finally, Jefferies Financial Group cut Softcat to an “underperform” rating and reduced their price objective for the stock from GBX 1,950 ($25.32) to GBX 1,490 ($19.35) in a report on Friday, July 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Softcat has a consensus rating of “Hold” and an average price target of GBX 1,442.50 ($18.73).

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.