Softchoice (TSE:SFTC) Downgraded to Tender Rating by ATB Capital

Softchoice (TSE:SFTC) was downgraded by equities research analysts at ATB Capital from an “outperform” rating to a “tender” rating in a research report issued on Thursday,BayStreet.CA reports. They presently have a C$24.50 price objective on the stock, down from their prior price objective of C$26.00. ATB Capital’s target price suggests a potential upside of 0.99% from the company’s previous close.

Several other brokerages have also recently commented on SFTC. CIBC cut shares of Softchoice from a “neutral” rating to a “tender” rating and boosted their target price for the company from C$23.00 to C$24.50 in a research report on Thursday. National Bankshares downgraded shares of Softchoice from an “outperform” rating to a “tender” rating and boosted their price objective for the company from C$23.00 to C$24.50 in a research report on Thursday. Cormark downgraded Softchoice from a “buy” rating to a “tender” rating and reduced their target price for the company from C$25.50 to C$24.50 in a report on Thursday. Finally, Scotiabank raised Softchoice from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$20.00 to C$24.00 in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$23.92.

Softchoice Price Performance

Shares of TSE SFTC opened at C$24.26 on Thursday. The stock has a market capitalization of C$1.46 billion, a PE ratio of 26.96 and a beta of -0.14. Softchoice has a fifty-two week low of C$15.15 and a fifty-two week high of C$24.45. The business has a fifty day moving average price of C$22.37 and a two-hundred day moving average price of C$19.58.

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.