Brokerages Set Softchoice Co. (TSE:SFTC) Target Price at C$23.92

Softchoice Co. (TSE:SFTC) has been given a consensus rating of “Hold” by the two analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$23.92.

A number of equities research analysts recently issued reports on the company. ATB Capital lowered Softchoice from an “outperform” rating to a “tender” rating and dropped their target price for the company from C$26.00 to C$24.50 in a research report on Thursday, January 2nd. National Bankshares cut Softchoice from an “outperform” rating to a “tender” rating and increased their price target for the company from C$23.00 to C$24.50 in a research report on Thursday, January 2nd. Scotiabank lowered Softchoice from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$24.00 to C$25.50 in a research report on Friday, January 3rd. Cormark downgraded Softchoice from a “buy” rating to a “tender” rating and cut their price objective for the company from C$25.50 to C$24.50 in a report on Thursday, January 2nd. Finally, CIBC lowered shares of Softchoice from a “neutral” rating to a “tender” rating and upped their price target for the stock from C$23.00 to C$24.50 in a research report on Thursday, January 2nd.

Softchoice Trading Up 0.3 %

SFTC stock opened at C$24.34 on Monday. The stock has a market cap of C$1.47 billion, a PE ratio of 27.04 and a beta of -0.14. The stock has a 50-day moving average price of C$23.44 and a two-hundred day moving average price of C$20.28. Softchoice has a 1 year low of C$16.09 and a 1 year 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.