Softcat plc (LON:SCT) Receives Average Rating of “Hold” from Analysts

Shares of Softcat plc (LON:SCT) have earned an average rating of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 1,457.50 ($18.40).

Several equities research analysts have recently weighed in on the company. Shore Capital reissued a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. Berenberg Bank reissued a “hold” rating and set a GBX 1,600 ($20.19) price objective on shares of Softcat in a report on Monday, October 28th.

Insider Buying and Selling at Softcat

In other news, insider Graeme Watt sold 7,213 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 1,562 ($19.71), for a total transaction of £112,667.06 ($142,202.52). 43.60% of the stock is currently owned by company insiders.

Softcat Stock Performance

LON:SCT opened at GBX 1,526 ($19.26) on Friday. Softcat has a 12 month low of GBX 1,267 ($15.99) and a 12 month high of GBX 1,855 ($23.41). 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 firm has a market capitalization of £3.04 billion, a PE ratio of 2,725.00, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The business’s fifty day moving average price is GBX 1,607.87 and its 200 day moving average price is GBX 1,616.39.

Softcat Increases Dividend

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

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.