Shares of Softcat plc (LON:SCT – Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as GBX 16.40 ($0.21) and last traded at GBX 1,633 ($20.51), with a volume of 661762 shares trading hands. The stock had previously closed at GBX 1,646 ($20.67).
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Panmure Gordon assumed coverage on shares of Softcat in a research note on Thursday, February 22nd. They issued a “hold” rating and a GBX 1,490 ($18.71) target price for the company. Shore Capital restated a “buy” rating on shares of Softcat in a research note on Monday, February 5th. Finally, Numis Securities reaffirmed a “buy” rating on shares of Softcat in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,393.33 ($17.50).
Read Our Latest Stock Report on Softcat
Softcat Stock Down 0.9 %
Softcat Cuts Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, April 11th will be issued a dividend of GBX 8.50 ($0.11) per share. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 0.57%. Softcat’s dividend payout ratio (DPR) is 4,642.86%.
Insiders Place Their Bets
In other Softcat news, insider Graham Charlton sold 35,000 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of GBX 1,583 ($19.88), for a total transaction of £554,050 ($695,867.87). 37.87% of the stock is owned by corporate insiders.
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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