Analysts Set Softcat plc (LON:SCT) Target Price at GBX 1,474

Shares of Softcat plc (LON:SCT) have received a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 1,474 ($18.56).

SCT has been the subject of a number of recent research reports. 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 issued a GBX 1,600 ($20.15) target price on shares of Softcat in a research note on Monday, October 28th.

Softcat Stock Performance

Shares of SCT stock opened at GBX 1,600 ($20.15) on Wednesday. The company has a market capitalization of £3.19 billion, a price-to-earnings ratio of 2,857.14, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat has a 1-year low of GBX 1,220 ($15.36) and a 1-year high of GBX 1,855 ($23.36). The company has a current ratio of 1.59, a quick ratio of 1.38 and a debt-to-equity ratio of 3.57. The stock’s fifty day simple moving average is GBX 1,595.73 and its 200-day simple moving average is GBX 1,624.55.

Softcat Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Thursday, November 7th will be issued a GBX 39 ($0.49) dividend. The ex-dividend date of this dividend 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 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.