Brokerages Set Softcat plc (LON:SCT) Price Target at GBX 1,442.50

Softcat plc (LON:SCT - Get Free Report) has been given an average recommendation of "Hold" by the six research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 1,442.50 ($18.73).

Several research firms recently weighed in on SCT. Jefferies Financial Group downgraded Softcat to an "underperform" rating and dropped their price objective for the company from GBX 1,950 ($25.32) to GBX 1,490 ($19.35) in a research note on Friday, July 5th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a GBX 1,250 ($16.23) price objective on shares of Softcat in a research note on Thursday, July 25th. Finally, Shore Capital reaffirmed a "buy" rating on shares of Softcat in a research note on Thursday.

Softcat Price Performance

Shares of SCT traded up GBX 30 ($0.39) during mid-day trading on Friday, hitting GBX 1,716 ($22.28). The company's stock had a trading volume of 448,302 shares, compared to its average volume of 448,602. 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 firm has a 50-day simple moving average of GBX 1,546.02 and a 200 day simple moving average of GBX 1,611.85. The firm has a market capitalization of £3.42 billion, a P/E ratio of 3,064.29, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat has a 1-year low of GBX 1,197 ($15.54) and a 1-year high of GBX 1,855 ($24.08).

Softcat Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 17th. Investors of record on Thursday, November 7th will be issued a GBX 39 ($0.51) dividend. The ex-dividend date is Thursday, November 7th. This represents a yield of 2.55%. This is a boost from Softcat's previous dividend of $8.50. Softcat's dividend payout ratio (DPR) 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.