Softchoice (TSE:SFTC) Stock Price Expected to Rise, Cormark Analyst Says

Softchoice (TSE:SFTC) had its price target lifted by Cormark from C$24.00 to C$25.50 in a report published on Monday,BayStreet.CA reports.

Several other research analysts also recently commented on the stock. ATB Capital upgraded shares of Softchoice from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$18.50 to C$23.00 in a research report on Monday, August 12th. Royal Bank of Canada boosted their price target on Softchoice from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Finally, Scotiabank upped their price objective on Softchoice from C$18.00 to C$20.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.67.

Softchoice Stock Down 0.0 %

Shares of Softchoice stock opened at C$21.49 on Monday. Softchoice has a 12-month low of C$14.40 and a 12-month high of C$22.46. The company has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 23.88 and a beta of -0.14. The firm’s 50-day moving average price is C$19.94 and its two-hundred day moving average price is C$18.53.

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.