Softcat plc (LON:SCT) Plans Dividend of GBX 39

Softcat plc (LON:SCT) declared a dividend on Thursday, October 24th, Upcoming.Co.Uk reports. Stockholders 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 dividend yield of 2.55%. The ex-dividend date is Thursday, November 7th. This is a positive change from Softcat’s previous dividend of $8.50. The official announcement can be accessed at this link.

Softcat Trading Down 0.9 %

Softcat stock opened at GBX 1,698 ($22.10) on Wednesday. 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 company has a market capitalization of £3.38 billion, a price-to-earnings ratio of 3,058.93, a PEG ratio of 11.51 and a beta of 0.71. Softcat has a one year low of GBX 1,220 ($15.88) and a one year high of GBX 1,855 ($24.15). The company’s fifty day moving average price is GBX 1,564.68 and its two-hundred day moving average price is GBX 1,619.04.

Wall Street Analysts Forecast Growth

SCT has been the topic of several analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 1,250 ($16.27) target price on shares of Softcat in a research report on Thursday, July 25th. Berenberg Bank reissued a “hold” rating and set a GBX 1,600 ($20.83) target price on shares of Softcat in a research report on Monday, October 28th. Finally, Shore Capital reissued a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 1,474 ($19.19).

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.