Softchoice (TSE:SFTC) Raised to “Outperform” at ATB Capital

ATB Capital upgraded shares of Softchoice (TSE:SFTC) from a sector perform rating to an outperform rating in a research report released on Monday morning, BayStreet.CA reports. ATB Capital currently has C$23.00 target price on the stock, up from their previous target price of C$18.50.

A number of other research analysts have also weighed in on the company. National Bankshares cut their price objective on Softchoice from C$25.00 to C$24.00 in a research report on Thursday, May 9th. Royal Bank of Canada raised their price target on Softchoice from C$19.00 to C$20.00 and gave the company a sector perform rating in a report on Monday. Finally, Cormark decreased their price objective on Softchoice from C$26.00 to C$21.50 in a report on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of C$22.00.

Softchoice Stock Performance

Shares of TSE:SFTC opened at C$18.36 on Monday. The firm has a market cap of C$1.11 billion, a price-to-earnings ratio of 19.96 and a beta of -0.16. The firm has a fifty day moving average price of C$17.63 and a 200 day moving average price of C$17.71. Softchoice has a fifty-two week low of C$14.40 and a fifty-two week high of C$22.46.

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.