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

Shares of Softcat plc (LON:SCT - Get Free Report) have received a consensus recommendation of "Hold" from the six research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 1,457.50 ($17.93).

Several research firms have recently commented on SCT. Berenberg Bank reissued a "hold" rating and issued a GBX 1,600 ($19.69) target price on shares of Softcat in a report on Monday, October 28th. Shore Capital reiterated a "buy" rating on shares of Softcat in a research note on Thursday, October 24th.

Softcat Price Performance

LON SCT traded up GBX 11 ($0.14) during trading hours on Thursday, reaching GBX 1,482 ($18.24). The company's stock had a trading volume of 235,638 shares, compared to its average volume of 142,591. Softcat has a 1 year low of GBX 1,283 ($15.79) and a 1 year high of GBX 1,855 ($22.83). 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 company has a market capitalization of £2.95 billion, a price-to-earnings ratio of 2,646.43, a PEG ratio of 11.51 and a beta of 0.71. The firm's 50-day moving average price is GBX 1,587.86 and its 200-day moving average price is GBX 1,593.30.

Softcat Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 17th. Investors of record on Thursday, November 7th were given a GBX 39 ($0.48) dividend. This represents a yield of 2.55%. The ex-dividend date was Thursday, November 7th. This is a boost from Softcat's previous dividend of $8.50. Softcat's payout ratio is currently 4,642.86%.

Insider Buying and Selling at Softcat

In other news, insider Graeme Watt sold 7,213 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 1,562 ($19.22), for a total transaction of £112,667.06 ($138,633.03). 43.60% of the stock is owned by company insiders.

Softcat Company Profile

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.