Softcat (LON:SCT) Reaches New 12-Month High at $1,126.00

Softcat PLC (LON:SCT)’s stock price reached a new 52-week high on Tuesday . The company traded as high as GBX 1,126 ($14.71) and last traded at GBX 1,119 ($14.62), with a volume of 1941 shares trading hands. The stock had previously closed at GBX 1,126 ($14.71).

A number of equities analysts recently weighed in on the company. Berenberg Bank increased their price target on Softcat from GBX 900 ($11.76) to GBX 1,100 ($14.37) and gave the company a “buy” rating in a research report on Tuesday, July 30th. Jefferies Financial Group upgraded Softcat to a “buy” rating and raised their price objective for the stock from GBX 978 ($12.78) to GBX 1,250 ($16.33) in a research report on Wednesday, November 6th.

The stock has a market capitalization of $2.22 billion and a price-to-earnings ratio of 32.53. The stock has a 50-day simple moving average of GBX 980.47 and a 200 day simple moving average of GBX 951.69.

The firm also recently disclosed a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 7th will be given a dividend of GBX 26.40 ($0.34) per share. The ex-dividend date of this dividend is Thursday, November 7th. This is a positive change from Softcat’s previous dividend of $4.50. This represents a yield of 2.87%. Softcat’s dividend payout ratio (DPR) is presently 0.44%.

Softcat Company Profile (LON:SCT)

Softcat plc primarily acts as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, designs, procures, implements, and manages technology for businesses and public sector organizations, such as software licensing, workplace technology, networking, security, and cloud and datacenter.

See Also: Capital Gains Distribution

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