Softchoice Co. (TSE:SFTC) Receives Average Rating of “Moderate Buy” from Brokerages

Softchoice Co. (TSE:SFTC) has been given a consensus rating of “Moderate Buy” by the six research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$22.00.

Several research firms have commented on SFTC. Scotiabank lifted their price target on Softchoice from C$18.00 to C$20.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th. Royal Bank of Canada lifted their price target on Softchoice from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Finally, ATB Capital upgraded Softchoice from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$18.50 to C$23.00 in a research note on Monday, August 12th.

Softchoice Stock Down 1.0 %

SFTC stock opened at C$20.78 on Friday. The business has a 50 day moving average price of C$19.70 and a 200 day moving average price of C$18.53. The stock has a market cap of C$1.25 billion, a price-to-earnings ratio of 23.09 and a beta of -0.14. Softchoice has a fifty-two week low of C$14.40 and a fifty-two week high of C$22.46.

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.