Brokerages Set Softcat plc (LON:SCT) PT at GBX 1,457.50

Shares of Softcat plc (LON:SCT) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 1,457.50 ($17.84).

A number of equities research analysts have recently weighed in on the company. Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research note on Thursday, October 24th. Berenberg Bank reiterated a “hold” rating and set a GBX 1,600 ($19.58) price target on shares of Softcat in a research note on Monday, October 28th.

Softcat Stock Up 0.2 %

Softcat stock opened at GBX 1,490 ($18.24) on Thursday. The company has a market capitalization of £2.97 billion, a PE ratio of 2,660.71, 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 quick ratio of 1.38 and a current ratio of 1.59. Softcat has a fifty-two week low of GBX 1,293 ($15.83) and a fifty-two week high of GBX 1,855 ($22.71). The firm has a 50 day moving average price of GBX 1,563.30 and a 200 day moving average price of GBX 1,581.40.

Softcat Increases Dividend

The business 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 is an increase from Softcat’s previous dividend of $8.50. The ex-dividend date of this dividend was Thursday, November 7th. This represents a yield of 2.55%. Softcat’s dividend payout ratio is 4,642.86%.

Insider Buying and Selling at Softcat

In other Softcat news, insider Graeme Watt sold 7,213 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of GBX 1,562 ($19.12), for a total transaction of £112,667.06 ($137,903.38). 43.60% of the stock is owned by corporate 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.