Softcat plc (LON:SCT - Get Free Report) announced a dividend on Thursday, October 24th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 7th will be given a dividend of GBX 39 ($0.51) per share on Tuesday, December 17th. This represents a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, November 7th. This is an increase from Softcat's previous dividend of $8.50. The official announcement can be viewed at this link.
Softcat Trading Up 10.7 %
Shares of SCT stock traded up GBX 164.24 ($2.13) during trading hours on Thursday, reaching GBX 1,696.24 ($22.02). 8,641,854 shares of the stock traded hands, compared to its average volume of 484,059. Softcat has a 1-year low of GBX 1,197 ($15.54) and a 1-year high of GBX 1,855 ($24.08). The business has a fifty day moving average price of GBX 1,541.81 and a 200 day moving average price of GBX 1,610.76. The company has a quick ratio of 1.38, a current ratio of 1.59 and a debt-to-equity ratio of 3.57. The firm has a market capitalization of £3.38 billion, a PE ratio of 3,029.00, a PEG ratio of 11.51 and a beta of 0.71.
Wall Street Analyst Weigh In
Several research analysts have weighed in on SCT shares. Shore Capital reiterated a "buy" rating on shares of Softcat in a research note on Thursday. JPMorgan Chase & Co. restated an "underweight" rating and set a GBX 1,250 ($16.23) price target on shares of Softcat in a research note on Thursday, July 25th. Finally, Jefferies Financial Group lowered shares of Softcat to an "underperform" rating and dropped their price target for the stock from GBX 1,950 ($25.32) to GBX 1,490 ($19.35) in a research note on Friday, July 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of GBX 1,442.50 ($18.73).
Read Our Latest Analysis on SCT
Softcat Company Profile
(
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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.
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