Brokerages Set Softcat plc (LON:SCT) Target Price at GBX 1,474

Softcat plc (LON:SCT) has received an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 1,474 ($18.48).

Several equities analysts recently issued reports on the company. Berenberg Bank restated a “hold” rating and set a GBX 1,600 ($20.06) price target on shares of Softcat in a research note on Monday, October 28th. Shore Capital reiterated a “buy” rating on shares of Softcat in a research report on Thursday, October 24th.

Softcat Price Performance

Shares of LON:SCT opened at GBX 1,600 ($20.06) on Wednesday. Softcat has a twelve month low of GBX 1,220 ($15.29) and a twelve month high of GBX 1,855 ($23.25). 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 cap of £3.19 billion, a price-to-earnings ratio of 2,857.14, a PEG ratio of 11.51 and a beta of 0.71. The business has a 50 day moving average price of GBX 1,593.49 and a 200 day moving average price of GBX 1,624.66.

Softcat Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Thursday, November 7th will be paid a GBX 39 ($0.49) dividend. This is a positive change from Softcat’s previous dividend of $8.50. The ex-dividend date is Thursday, November 7th. This represents a yield of 2.55%. Softcat’s dividend payout ratio 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.