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

Softcat plc (LON:SCT) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 1,474 ($18.71).

A number of brokerages have recently weighed in on SCT. Shore Capital reiterated a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 1,250 ($15.86) price objective on shares of Softcat in a report on Thursday, July 25th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 1,600 ($20.30) price target on shares of Softcat in a research report on Monday, October 28th.

Softcat Stock Down 0.5 %

Shares of LON:SCT opened at GBX 1,629 ($20.67) on Wednesday. The stock’s 50-day moving average is GBX 1,588.65 and its 200 day moving average is GBX 1,624.99. The company has a market cap of £3.24 billion, a PE ratio of 2,910.71, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38. Softcat has a 1 year low of GBX 1,220 ($15.48) and a 1 year high of GBX 1,855 ($23.54).

Softcat Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 17th. Investors of record on Thursday, November 7th will be given a dividend of GBX 39 ($0.49) per share. This is a boost from Softcat’s previous dividend of $8.50. This represents a yield of 2.55%. The ex-dividend date is Thursday, November 7th. Softcat’s dividend payout ratio (DPR) is 4,642.86%.

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.