Softchoice Co. (TSE:SFTC) Receives C$22.00 Average Target Price from Brokerages

Shares of Softchoice Co. (TSE:SFTC) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$22.00.

SFTC has been the topic of several research reports. Royal Bank of Canada raised their price objective on shares of Softchoice from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Scotiabank increased their target price on shares of Softchoice from C$18.00 to C$20.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. Finally, ATB Capital raised shares of Softchoice from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$18.50 to C$23.00 in a report on Monday, August 12th.

Softchoice Trading Down 3.4 %

SFTC opened at C$18.76 on Friday. Softchoice has a 12 month low of C$14.40 and a 12 month high of C$22.46. The company has a market cap of C$1.13 billion, a PE ratio of 21.56 and a beta of -0.11. The company has a 50 day moving average of C$18.31 and a 200 day moving average of C$18.06.

Softchoice Company Profile

Softchoice Corporation designs, procures, implements, and manages information technology (IT) solutions in Canada and the United States. The company offers cloud and data center solutions, such as data center and application modernization; collaboration and digital workplace solutions comprising secure access, and adoption and change management; IT asset management solutions, including software and hardware asset management solutions, and IT procurement services; network and security support solutions.