Shares of Softcat plc (LON:SCT - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as GBX 1,858 ($25.00) and last traded at GBX 1,814 ($24.41), with a volume of 183437 shares traded. The stock had previously closed at GBX 1,780 ($23.95).
Analyst Ratings Changes
Several equities research analysts recently weighed in on SCT shares. Shore Capital restated a "buy" rating on shares of Softcat in a research note on Wednesday, March 19th. Berenberg Bank restated a "hold" rating and set a GBX 1,600 ($21.53) target price on shares of Softcat in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. boosted their target price on Softcat from GBX 1,450 ($19.51) to GBX 1,759 ($23.67) and gave the stock a "neutral" rating in a research note on Thursday, March 20th.
Get Our Latest Stock Report on Softcat
Softcat Stock Performance
The company has a market cap of £3.56 billion, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. The firm has a 50-day simple moving average of GBX 1,663.77 and a 200 day simple moving average of GBX 1,597.05. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.48.
Softcat (LON:SCT - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.39) EPS for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. On average, sell-side analysts predict that Softcat plc will post 60.72 earnings per share for the current fiscal year.
Softcat Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th were issued a GBX 8.90 ($0.12) dividend. This represents a dividend yield of 0.53%. The ex-dividend date was Thursday, April 10th. Softcat's payout ratio is currently 43.53%.
About Softcat
(
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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.
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