Softcat (LON:SCT) Hits New 52-Week High – Here’s What Happened

Softcat plc (LON:SCTGet Free Report)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,861 ($25.23) and last traded at GBX 1,843.07 ($24.98), with a volume of 85213 shares. The stock had previously closed at GBX 1,820 ($24.67).

Analysts Set New Price Targets

A number of research firms recently commented on SCT. Shore Capital reiterated a “buy” rating on shares of Softcat in a report on Wednesday, March 19th. Berenberg Bank restated a “hold” rating and set a GBX 1,600 ($21.69) target price on shares of Softcat in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of Softcat from GBX 1,450 ($19.66) to GBX 1,759 ($23.84) and gave the company a “neutral” rating in a research report on Thursday, March 20th.

Read Our Latest Stock Analysis on Softcat

Softcat Price Performance

The company has a 50 day moving average of GBX 1,700.62 and a 200 day moving average of GBX 1,608.24. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The firm has a market cap of £3.68 billion, a price-to-earnings ratio of 30.99, a P/E/G ratio of 11.51 and a beta of 0.71.

Softcat (LON:SCTGet Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.39) EPS for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. Equities research analysts predict that Softcat plc will post 60.72 EPS for the current fiscal year.

Softcat Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th were given a dividend of GBX 8.90 ($0.12) per share. This represents a dividend yield of 0.53%. The ex-dividend date was Thursday, April 10th. Softcat’s dividend payout ratio is 43.53%.

Softcat Company Profile

(Get Free Report)

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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