Softcat PLC’s (SCT) Buy Rating Reaffirmed at Berenberg Bank
Berenberg Bank reissued their buy rating on shares of Softcat PLC (LON:SCT) in a research report report published on Thursday. Berenberg Bank currently has a GBX 425 ($5.17) price objective on the stock.
A number of other equities analysts have also recently issued reports on the company. Credit Suisse Group restated an outperform rating and set a GBX 340 ($4.13) price target on shares of Softcat PLC in a report on Wednesday, October 19th. Jefferies Group restated a hold rating and set a GBX 345 ($4.20) price target on shares of Softcat PLC in a report on Tuesday, November 1st. Finally, Peel Hunt restated a buy rating and set a GBX 380 ($4.62) price target on shares of Softcat PLC in a report on Thursday, November 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of GBX 380 ($4.62).
Softcat PLC (LON:SCT) traded up 0.71% during trading on Thursday, hitting GBX 297.80. 417,207 shares of the company traded hands. Softcat PLC has a 12-month low of GBX 260.00 and a 12-month high of GBX 383.80. The stock has a 50-day moving average price of GBX 297.49 and a 200-day moving average price of GBX 318.51. The firm’s market capitalization is GBX 584.12 million.
The firm also recently declared a dividend, which was paid on Friday, December 16th. Shareholders of record on Thursday, November 17th were issued a dividend of GBX 17.80 ($0.22) per share. This represents a dividend yield of 5.36%. This is a boost from Softcat PLC’s previous dividend of $1.70. The ex-dividend date was Thursday, November 17th.
About Softcat PLC
Softcat Plc is an information technology (IT) reseller and IT infrastructure solutions provider to the corporate and public sector markets. The Company provides organizations with workplace, datacenter and networking, and security solutions combined with all the services required to design, implement, support and manage them, on premise or in the cloud.
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