Softcat plc (LON:SCT) Given Average Rating of “Hold” by Brokerages

Shares of Softcat plc (LON:SCT) have earned a consensus recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 1,457.50 ($18.02).

SCT has been the subject of a number of recent analyst reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,600 ($19.78) price objective on shares of Softcat in a research note on Monday, October 28th. Shore Capital restated a “buy” rating on shares of Softcat in a research note on Thursday, October 24th.

Softcat Trading Down 0.7 %

Shares of Softcat stock opened at GBX 1,461 ($18.06) on Thursday. Softcat has a fifty-two week low of GBX 1,283 ($15.86) and a fifty-two week high of GBX 1,855 ($22.93). 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 company has a market capitalization of £2.91 billion, a P/E ratio of 2,608.93, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a fifty day moving average of GBX 1,594.34 and a 200 day moving average of GBX 1,595.25.

Softcat Increases Dividend

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

Insider Activity at Softcat

In other news, insider Graeme Watt sold 10,087 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 currently owned by insiders.

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.