Softcat (LON:SCT) Receives “Hold” Rating from Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Softcat (LON:SCT) in a report released on Monday, MarketBeat.com reports. The firm currently has a GBX 1,600 ($20.75) price objective on the stock.

Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 1,250 ($16.21) price objective on shares of Softcat in a report on Thursday, July 25th. Jefferies Financial Group downgraded shares of Softcat to an “underperform” rating and reduced their target price for the stock from GBX 1,950 ($25.29) to GBX 1,490 ($19.32) in a research note on Friday, July 5th. Finally, Shore Capital restated a “buy” rating on shares of Softcat in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 1,474 ($19.12).

Softcat Stock Performance

LON:SCT opened at GBX 1,777 ($23.05) on Monday. The company has a market capitalization of £3.54 billion, a P/E ratio of 3,167.86, a P/E/G ratio of 11.51 and a beta of 0.71. The business has a fifty day simple moving average of GBX 1,551.54 and a two-hundred day simple moving average of GBX 1,613.95. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38. Softcat has a 1 year low of GBX 1,220 ($15.82) and a 1 year high of GBX 1,855 ($24.06).

Softcat Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Thursday, November 7th will be given a dividend of GBX 39 ($0.51) per share. The ex-dividend date is Thursday, November 7th. This is a boost from Softcat’s previous dividend of $8.50. This represents a dividend yield of 2.55%. Softcat’s dividend payout ratio is currently 4,642.86%.

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.