Softcat (LON:SCT) Sets New 12-Month High at $1,648.00

Shares of Softcat plc (LON:SCT - Get Free Report) reached a new 52-week high on Monday . The company traded as high as GBX 1,648 ($20.86) and last traded at GBX 1,596 ($20.20), with a volume of 805 shares trading hands. The stock had previously closed at GBX 1,613 ($20.42).

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Panmure Gordon started coverage on Softcat in a research note on Thursday, February 22nd. They set a "hold" rating and a GBX 1,490 ($18.86) price objective for the company. Numis Securities restated a "buy" rating on shares of Softcat in a research report on Thursday, March 7th. Shore Capital reaffirmed a "buy" rating on shares of Softcat in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a GBX 1,150 ($14.56) price target on shares of Softcat in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Softcat currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,420 ($17.97).

Softcat Price Performance

The company has a market cap of £3.24 billion, a P/E ratio of 2,900.75, a PEG ratio of 11.51 and a beta of 0.71. The firm's 50-day moving average is GBX 1,517.01 and its two-hundred day moving average is GBX 1,403.55. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38.

Softcat Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 11th will be issued a GBX 8.50 ($0.11) dividend. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 0.57%. 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.