Softcat plc (LON:SCT) Given Average Recommendation of "Hold" by Brokerages

Shares of Softcat plc (LON:SCT - Get Free Report) have earned an average recommendation of "Hold" from the six analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 1,457.50 ($18.40).

Several brokerages have issued reports on SCT. Berenberg Bank restated a "hold" rating and issued a GBX 1,600 ($20.20) price target on shares of Softcat in a research report on Monday, October 28th. Shore Capital restated a "buy" rating on shares of Softcat in a report on Thursday, October 24th.

Insider Buying and Selling

In other Softcat news, insider Graeme Watt sold 7,213 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 1,562 ($19.72), for a total transaction of £112,667.06 ($142,256.39). 43.60% of the stock is owned by insiders.

Softcat Price Performance

SCT traded up GBX 2 ($0.03) on Friday, reaching GBX 1,526 ($19.27). The stock had a trading volume of 196,778 shares, compared to its average volume of 422,715. The firm has a 50-day moving average of GBX 1,607.87 and a 200-day moving average of GBX 1,616.39. The company has a market capitalization of £3.04 billion, a price-to-earnings ratio of 2,725.00, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat has a fifty-two week low of GBX 1,267 ($16.00) and a fifty-two week high of GBX 1,855 ($23.42). The company has a current ratio of 1.59, a quick ratio of 1.38 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. Stockholders of record on Thursday, November 7th will be given a dividend of GBX 39 ($0.49) per share. The ex-dividend date is Thursday, November 7th. This is a boost from Softcat's previous dividend of $8.50. This represents a dividend yield of 2.55%. Softcat's dividend payout ratio is 4,642.86%.

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.