Softcat’s (SCT) Buy Rating Reiterated at Shore Capital

Shore Capital reiterated their buy rating on shares of Softcat (LON:SCTFree Report) in a report released on Tuesday morning, MarketBeat Ratings reports.

Several other research firms have also recently commented on SCT. Numis Securities reissued a buy rating on shares of Softcat in a research note on Thursday, March 7th. Panmure Gordon assumed coverage on Softcat in a research report on Thursday, February 22nd. They set a hold rating and a GBX 1,490 ($19.03) price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of GBX 1,532.50 ($19.57).

Get Our Latest Analysis on Softcat

Softcat Stock Performance

Shares of Softcat stock opened at GBX 1,652 ($21.10) on Tuesday. The stock has a market capitalization of £3.30 billion, a price-to-earnings ratio of 2,950.00, a price-to-earnings-growth 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. The business has a 50-day moving average of GBX 1,607.40 and a 200 day moving average of GBX 1,468.91. Softcat has a 12 month low of GBX 1,150 ($14.69) and a 12 month high of GBX 1,755 ($22.41).

Softcat Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th were issued a GBX 8.50 ($0.11) dividend. This represents a dividend yield of 0.57%. The ex-dividend date was Thursday, April 11th. Softcat’s dividend payout ratio is currently 4,642.86%.

Insider Buying and Selling

In other Softcat news, insider Graham Charlton sold 35,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of GBX 1,583 ($20.22), for a total transaction of £554,050 ($707,598.98). 37.87% of the stock is currently owned by insiders.

Softcat Company Profile

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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.

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Analyst Recommendations for Softcat (LON:SCT)

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