Softcat PLC’s (SCT) “Buy” Rating Reiterated at Peel Hunt
Several other research analysts have also recently weighed in on the company. Berenberg Bank reiterated a buy rating and set a GBX 425 ($5.31) price target on shares of Softcat PLC in a research report on Thursday, September 29th. Citigroup Inc. started coverage on Softcat PLC in a research report on Tuesday, September 13th. They set a buy rating and a GBX 410 ($5.12) price target for the company. Jefferies Group reiterated a hold rating and set a GBX 345 ($4.31) price target on shares of Softcat PLC in a research report on Tuesday, November 1st. Finally, Credit Suisse Group AG reiterated an outperform rating and set a GBX 340 ($4.25) price target on shares of Softcat PLC in a research report on Wednesday, October 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Softcat PLC currently has an average rating of Buy and an average target price of GBX 380 ($4.75).
Softcat PLC (LON:SCT) opened at 327.10 on Thursday. The stock’s 50 day moving average price is GBX 318.68 and its 200-day moving average price is GBX 328.39. Softcat PLC has a 52-week low of GBX 240.00 and a 52-week high of GBX 383.80. The company’s market capitalization is GBX 641.59 million.
The firm also recently disclosed a dividend, which will be paid on Friday, December 16th. Stockholders of record on Thursday, November 17th will be given a GBX 17.80 ($0.22) dividend. The ex-dividend date of this dividend is Thursday, November 17th. This is a boost from Softcat PLC’s previous dividend of $1.70. This represents a dividend yield of 5.36%.
Softcat PLC Company Profile
Softcat plc, formerly Softcat Limited, is an information technology (IT) infrastructure and services provider. The Company provides corporate and public sector organization’s with IT infrastructure solutions, including the products and services they require to design, implement, support and manage these solutions, on premise, in the cloud or a combination of both.
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