Shares of Softcat plc (LON:SCT – Get Free Report) have earned an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 1,442.50 ($18.73).
A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 1,250 ($16.23) price objective on shares of Softcat in a research report on Thursday, July 25th. Jefferies Financial Group cut Softcat to an “underperform” rating and lowered their target price for the stock from GBX 1,950 ($25.32) to GBX 1,490 ($19.35) in a research note on Friday, July 5th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Softcat in a research report on Thursday.
View Our Latest Research Report on SCT
Softcat Price Performance
Softcat Increases Dividend
The company also recently announced a dividend, which will be paid on Tuesday, December 17th. Investors of record on Thursday, November 7th will be paid a dividend of GBX 39 ($0.51) per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a dividend yield of 2.55%. This is an increase from Softcat’s previous dividend of $8.50. Softcat’s payout ratio is presently 4,642.86%.
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.
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