Brokerages Set Softcat plc (LON:SCT) Target Price at GBX 1,457.50

Shares of Softcat plc (LON:SCT) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 1,457.50 ($17.80).

SCT has been the topic of a number of recent research reports. Shore Capital reiterated a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,600 ($19.54) target price on shares of Softcat in a report on Monday, October 28th.

Insider Buying and Selling at Softcat

In related news, insider Graeme Watt sold 10,087 shares of Softcat stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of GBX 1,574 ($19.22), for a total value of £158,769.38 ($193,857.61). 43.60% of the stock is owned by company insiders.

Softcat Stock Performance

Shares of SCT stock opened at GBX 1,495 ($18.25) on Thursday. The company’s 50 day moving average price is GBX 1,577.80 and its two-hundred day moving average price is GBX 1,588.84. The company has a market capitalization of £2.98 billion, a P/E ratio of 2,669.64, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. Softcat has a 52 week low of GBX 1,289 ($15.74) and a 52 week high of GBX 1,855 ($22.65). The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.38 and a current ratio of 1.59.

Softcat Increases Dividend

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