Softchoice (TSE:SFTC) Stock Rating Lowered by Scotiabank

Scotiabank cut shares of Softchoice (TSE:SFTC) from an outperform rating to a sector perform rating in a research report released on Friday morning,BayStreet.CA reports. They currently have C$25.50 price target on the stock, up from their prior price target of C$24.00.

Other analysts also recently issued research reports about the stock. ATB Capital downgraded shares of Softchoice from an “outperform” rating to a “tender” rating and dropped their target price for the stock from C$26.00 to C$24.50 in a research report on Thursday. CIBC downgraded shares of Softchoice from a “neutral” rating to a “tender” rating and raised their target price for the company from C$23.00 to C$24.50 in a research note on Thursday. National Bankshares lowered shares of Softchoice from an “outperform” rating to a “tender” rating and lifted their target price for the company from C$23.00 to C$24.50 in a report on Thursday. Finally, Cormark downgraded Softchoice from a “buy” rating to a “tender” rating and lowered their price target for the company from C$25.50 to C$24.50 in a report on Thursday. Two investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$23.92.

Softchoice Trading Up 0.5 %

Shares of Softchoice stock opened at C$24.26 on Friday. The stock has a market capitalization of C$1.46 billion, a P/E ratio of 26.96 and a beta of -0.14. The business’s fifty day moving average price is C$22.37 and its 200 day moving average price is C$19.58. Softchoice has a twelve month low of C$15.15 and a twelve month high of C$24.45.

About Softchoice

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.