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

Shares of Softcat plc (LON:SCT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 1,420 ($17.83).

Several equities research analysts have recently weighed in on SCT shares. Numis Securities reissued a "buy" rating on shares of Softcat in a report on Thursday, March 7th. JPMorgan Chase & Co. restated an "underweight" rating and issued a GBX 1,150 ($14.44) price objective on shares of Softcat in a research note on Thursday, December 14th. Shore Capital reissued a "buy" rating on shares of Softcat in a report on Monday, February 5th. HSBC upgraded Softcat to a "buy" rating and set a GBX 1,540 ($19.33) target price on the stock in a research note on Monday, December 4th. Finally, Panmure Gordon initiated coverage on Softcat in a research note on Thursday, February 22nd. They set a "hold" rating and a GBX 1,490 ($18.70) price target for the company.

Softcat Trading Up 0.7 %

Shares of Softcat stock traded up GBX 11 ($0.14) on Monday, hitting GBX 1,588 ($19.93). The stock had a trading volume of 951,745 shares, compared to its average volume of 288,329. The business has a 50-day moving average price of GBX 1,501.83 and a 200 day moving average price of GBX 1,399.30. The firm has a market cap of £3.17 billion, a PE ratio of 2,835.71, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. 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 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 paid a dividend of GBX 8.50 ($0.11) per share. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, April 11th. Softcat's dividend payout ratio (DPR) 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.