Berenberg Bank Reaffirms Hold Rating for Softcat (LON:SCT)

Berenberg Bank restated their hold rating on shares of Softcat (LON:SCT - Free Report) in a report published on Monday, MarketBeat.com reports. Berenberg Bank currently has a GBX 1,600 ($20.77) price target on the stock.

Other equities research analysts have also issued research reports about the stock. Shore Capital reissued a "buy" rating on shares of Softcat in a research note on Thursday. Jefferies Financial Group cut 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 report on Friday, July 5th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a GBX 1,250 ($16.23) price target on shares of Softcat in a research note on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of GBX 1,474 ($19.14).

Softcat Stock Up 4.4 %

SCT traded up GBX 73.70 ($0.96) during trading on Monday, reaching GBX 1,764.01 ($22.90). The stock had a trading volume of 21,125,928 shares, compared to its average volume of 449,494. 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 company has a market capitalization of £3.51 billion, a price-to-earnings ratio of 3,112.50, a P/E/G ratio of 11.51 and a beta of 0.71. The stock's 50 day moving average is GBX 1,546.02 and its two-hundred day moving average is GBX 1,611.82. Softcat has a one year low of GBX 1,220 ($15.84) and a one year high of GBX 1,855 ($24.08).

Softcat Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Thursday, November 7th will be given a GBX 39 ($0.51) dividend. The ex-dividend date of this dividend is Thursday, November 7th. This is an increase from Softcat's previous dividend of $8.50. This represents a yield of 2.55%. 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.