Softchoice (TSE:SFTC) Downgraded by National Bankshares to Tender

Softchoice (TSE:SFTC) was downgraded by research analysts at National Bankshares from an “outperform” rating to a “tender” rating in a research note issued on Thursday,BayStreet.CA reports. They currently have a C$24.50 price objective on the stock, up from their prior price objective of C$23.00. National Bankshares’ price objective indicates a potential upside of 0.99% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Scotiabank raised Softchoice from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$20.00 to C$24.00 in a research report on Tuesday, November 12th. Cormark increased their price objective on Softchoice from C$24.00 to C$25.50 in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$23.92.

Softchoice Trading Up 0.5 %

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 12-month low of C$15.15 and a 12-month high of C$24.45. The stock’s fifty day simple moving average is C$22.37 and its two-hundred day simple moving average is 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.