Softcat’s (SCT) Buy Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Softcat (LON:SCTGet Rating) in a research note published on Tuesday, MarketBeat reports.

Several other research firms have also recently commented on SCT. Berenberg Bank lowered their price target on Softcat from GBX 1,900 ($22.47) to GBX 1,500 ($17.74) and set a buy rating for the company in a report on Wednesday, November 2nd. Barclays restated an overweight rating and issued a GBX 2,010 ($23.77) price target on shares of Softcat in a report on Thursday, October 27th.

Softcat Trading Up 0.1 %

Softcat stock opened at GBX 1,264 ($14.95) on Tuesday. The stock has a market cap of £2.52 billion and a PE ratio of 2,296.36. The stock has a 50-day moving average price of GBX 1,185.60 and a 200 day moving average price of GBX 1,281.21. Softcat has a 52 week low of GBX 1,059 ($12.52) and a 52 week high of GBX 1,922 ($22.73). The company has a current ratio of 1.42, a quick ratio of 1.38 and a debt-to-equity ratio of 3.16.

Softcat Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 19th. Stockholders of record on Thursday, November 10th will be paid a GBX 29.20 ($0.35) dividend. This is a positive change from Softcat’s previous dividend of $7.30. This represents a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, November 10th. Softcat’s payout ratio is currently 39.45%.

Softcat Company Profile

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Softcat plc primarily acts 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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