Analysts Set Softcat plc (LON:SCT) Target Price at GBX 1,457.50

Shares of Softcat plc (LON:SCT) have been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 1,457.50 ($17.84).

A number of brokerages have commented on SCT. Berenberg Bank restated 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. Shore Capital reissued a “buy” rating on shares of Softcat in a research report on Thursday, October 24th.

Softcat Stock Down 1.9 %

SCT stock opened at GBX 1,466 ($17.94) on Thursday. 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 ($15.82) and a fifty-two week high of GBX 1,855 ($22.70). The stock’s 50 day simple moving average is GBX 1,577.80 and its 200 day simple moving average is GBX 1,588.84. The company has a market cap of £2.92 billion, a P/E ratio of 2,617.86, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Softcat Increases Dividend

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

Insiders Place Their Bets

In related news, insider Graeme Watt sold 7,213 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of GBX 1,562 ($19.11), for a total transaction of £112,667.06 ($137,869.63). 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.