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

Softcat plc (LON:SCT) has earned an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 1,457.50 ($18.32).

A number of research firms recently issued reports on SCT. Shore Capital restated a “buy” rating on shares of Softcat in a report on Thursday, October 24th. Berenberg Bank restated a “hold” rating and set a GBX 1,600 ($20.11) price target on shares of Softcat in a research note on Monday, October 28th.

Softcat Trading Up 1.1 %

Shares of Softcat stock opened at GBX 1,524 ($19.15) on Friday. The firm has a market cap of £3.04 billion, a PE ratio of 2,721.43, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat has a 1 year low of GBX 1,283 ($16.12) and a 1 year high of GBX 1,855 ($23.31). The company has a debt-to-equity ratio of 3.57, a current ratio of 1.59 and a quick ratio of 1.38. The stock has a fifty day moving average price of GBX 1,605.19 and a 200-day moving average price of GBX 1,610.67.

Softcat Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Thursday, November 7th were given a GBX 39 ($0.49) dividend. The ex-dividend date was Thursday, November 7th. This represents a dividend yield of 2.55%. This is a positive change from Softcat’s previous dividend of $8.50. Softcat’s payout ratio is 4,642.86%.

Insider Activity at Softcat

In related news, insider Graeme Watt sold 7,213 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of GBX 1,562 ($19.63), for a total transaction of £112,667.06 ($141,594.90). 43.60% of the stock is currently owned by corporate insiders.

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.