Softcat plc (LON:SCT) Given Consensus Rating of "Hold" by Brokerages

Softcat plc (LON:SCT - Get Free Report) has been assigned a consensus rating of "Hold" from the seven research firms that are covering the firm, MarketBeat.com reports. Two investment 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 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,474 ($18.65).

A number of brokerages have weighed in on SCT. Berenberg Bank reissued a "hold" rating and issued a GBX 1,600 ($20.25) price target on shares of Softcat in a report on Monday, October 28th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a GBX 1,250 ($15.82) target price on shares of Softcat in a research report on Thursday, July 25th. Finally, Shore Capital reiterated a "buy" rating on shares of Softcat in a research report on Thursday, October 24th.

Softcat Stock Down 2.9 %

Shares of SCT traded down GBX 47 ($0.59) during mid-day trading on Wednesday, hitting GBX 1,590 ($20.12). 173,057 shares of the company's stock were exchanged, compared to its average volume of 435,442. The firm has a fifty day moving average of GBX 1,590.93 and a two-hundred day moving average of GBX 1,624.85. Softcat has a twelve month low of GBX 1,220 ($15.44) and a twelve month high of GBX 1,855 ($23.47). The stock has a market cap of £3.17 billion, a price-to-earnings ratio of 2,839.29, 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 Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 17th. Investors of record on Thursday, November 7th will be paid a dividend of GBX 39 ($0.49) per share. This is a positive change from Softcat's previous dividend of $8.50. The ex-dividend date of this dividend is Thursday, November 7th. 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.