Softchoice Co. (TSE:SFTC) Receives C$22.67 Average PT from Analysts

Softchoice Co. (TSE:SFTC) has earned an average rating of “Hold” from the two analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$23.92.

A number of equities research analysts have commented on SFTC shares. National Bankshares lowered Softchoice from an “outperform” rating to a “tender” rating and raised their price objective for the stock from C$23.00 to C$24.50 in a research report on Thursday, January 2nd. Cormark downgraded shares of Softchoice from a “buy” rating to a “tender” rating and lowered their target price for the stock from C$25.50 to C$24.50 in a research report on Thursday, January 2nd. Scotiabank lowered shares of Softchoice from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$24.00 to C$25.50 in a research report on Friday. CIBC downgraded Softchoice from a “neutral” rating to a “tender” rating and increased their target price for the company from C$23.00 to C$24.50 in a research note on Thursday, January 2nd. Finally, ATB Capital lowered shares of Softchoice from an “outperform” rating to a “tender” rating and decreased their price target for the stock from C$26.00 to C$24.50 in a research report on Thursday, January 2nd.

Softchoice Stock Down 0.1 %

Shares of TSE SFTC opened at C$24.23 on Thursday. The stock’s fifty day simple moving average is C$22.43 and its 200 day simple moving average is C$19.62. The stock has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 26.92 and a beta of -0.14. Softchoice has a 52-week low of C$15.71 and a 52-week high of C$24.45.

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.