Softchoice Co. (TSE:SFTC) Receives C$24.58 Average PT from Analysts

Shares of Softchoice Co. (TSE:SFTC) have received an average recommendation of “Hold” from the two research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$24.58.

A number of equities analysts recently weighed in on the stock. Cormark cut shares of Softchoice from a “buy” rating to a “tender” rating and lowered their price objective for the stock from C$25.50 to C$24.50 in a research report on Thursday, January 2nd. Royal Bank of Canada upped their price target on Softchoice from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 11th. Scotiabank cut Softchoice from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$24.00 to C$25.50 in a research note on Friday, January 3rd. ATB Capital lowered Softchoice from an “outperform” rating to a “tender” rating and decreased their target price for the stock from C$26.00 to C$24.50 in a research note on Thursday, January 2nd. Finally, National Bankshares downgraded 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 research report on Thursday, January 2nd.

Softchoice Price Performance

The firm has a market capitalization of C$1.04 billion, a PE ratio of 26.68 and a beta of -0.14. Softchoice has a twelve month low of C$16.09 and a twelve month high of C$24.57. The firm has a 50 day simple moving average of C$24.36 and a 200 day simple moving average of C$21.48.

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.