Softcat PLC (SCT) Reaches New 12-Month High at $523.50
Shares of Softcat PLC (LON:SCT) hit a new 52-week high during trading on Monday . The company traded as high as GBX 523.50 ($6.91) and last traded at GBX 522 ($6.89), with a volume of 572,101 shares changing hands. The stock had previously closed at GBX 517 ($6.82).
A number of analysts have commented on SCT shares. Jefferies Group LLC raised shares of Softcat PLC to a “buy” rating and upped their price target for the company from GBX 345 ($4.55) to GBX 565 ($7.46) in a research report on Monday, October 23rd. Berenberg Bank cut shares of Softcat PLC to a “hold” rating and set a GBX 425 ($5.61) price target on the stock. in a research report on Tuesday, August 29th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 426 ($5.62).
The company’s 50 day moving average price is GBX 438.77 and its 200 day moving average price is GBX 415.73. The stock’s market cap is GBX 1.07 billion.
The company also recently declared a dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 2nd will be issued a GBX 19.60 ($0.26) dividend. This represents a yield of 3.92%. The ex-dividend date is Thursday, November 2nd. This is a positive change from Softcat PLC’s previous dividend of $2.90.
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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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