Softcat plc (LON:SCT) Receives GBX 1,457.50 Consensus Price Target from Analysts

Softcat plc (LON:SCT) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 1,457.50 ($18.53).

Several equities analysts have recently commented on SCT shares. Shore Capital restated a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. Berenberg Bank reissued a “hold” rating and issued a GBX 1,600 ($20.34) price objective on shares of Softcat in a research note on Monday, October 28th.

Insider Transactions at Softcat

In other news, insider Graeme Watt sold 10,087 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of GBX 1,574 ($20.01), for a total transaction of £158,769.38 ($201,842.59). Company insiders own 43.60% of the company’s stock.

Softcat Trading Down 1.2 %

SCT opened at GBX 1,504 ($19.12) on Friday. The stock has a market capitalization of £3.00 billion, a price-to-earnings ratio of 2,685.71, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a quick ratio of 1.38, a current ratio of 1.59 and a debt-to-equity ratio of 3.57. Softcat has a twelve month low of GBX 1,267 ($16.11) and a twelve month high of GBX 1,855 ($23.58). The company has a 50-day simple moving average of GBX 1,607.25 and a 200 day simple moving average of GBX 1,615.04.

Softcat Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 17th. Shareholders of record on Thursday, November 7th were paid a dividend of GBX 39 ($0.50) per share. This is an increase from Softcat’s previous dividend of $8.50. The ex-dividend date was Thursday, November 7th. This represents a yield of 2.55%. Softcat’s payout ratio is presently 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.