Softcat plc (SCT) to Issue Dividend of GBX 8.50 on May 22nd

Softcat plc (LON:SCT) announced a dividend on Tuesday, March 26th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 11th will be given a dividend of GBX 8.50 ($0.11) per share on Wednesday, May 22nd. This represents a dividend yield of 0.57%. The ex-dividend date is Thursday, April 11th. The official announcement can be seen at this link.

Softcat Trading Up 0.4 %

LON SCT opened at GBX 1,583 ($20.01) on Thursday. The company has a market cap of £3.16 billion, a price-to-earnings ratio of 2,816.07, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat has a 52 week low of GBX 1,150 ($14.53) and a 52 week high of GBX 1,640 ($20.73). The business has a 50 day moving average price of GBX 1,489.01 and a 200-day moving average price of GBX 1,397.81. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 3.88.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SCT. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 1,150 ($14.53) price target on shares of Softcat in a report on Thursday, December 14th. HSBC upgraded Softcat to a “buy” rating and set a GBX 1,540 ($19.46) price target for the company in a report on Monday, December 4th. Numis Securities reissued a “buy” rating on shares of Softcat in a research report on Thursday, March 7th. Shore Capital reissued a “buy” rating on shares of Softcat in a research report on Monday, February 5th. Finally, Panmure Gordon assumed coverage on Softcat in a research report on Thursday, February 22nd. They issued a “hold” rating and a GBX 1,490 ($18.83) price objective on the stock. 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,420 ($17.95).

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.