Analysts Set Softchoice Co. (TSE:SFTC) Price Target at C$24.58

Shares of Softchoice Co. (TSE:SFTC) have been assigned a consensus recommendation of “Hold” from the two ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokers that have covered the stock in the last year is C$24.58.

SFTC has been the subject of a number of research reports. 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 lowered shares of Softchoice from a “buy” rating to a “tender” rating and decreased their target price for the company from C$25.50 to C$24.50 in a research note on Thursday, January 2nd. ATB Capital downgraded shares of Softchoice from an “outperform” rating to a “tender” rating and dropped their price target for the stock from C$26.00 to C$24.50 in a research note on Thursday, January 2nd. CIBC cut Softchoice from a “neutral” rating to a “tender” rating and lifted their price objective for the company from C$23.00 to C$24.50 in a research report on Thursday, January 2nd. Finally, Scotiabank lowered Softchoice from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$24.00 to C$25.50 in a research report on Friday, January 3rd.

Softchoice Price Performance

Shares of TSE:SFTC opened at C$24.46 on Friday. The stock’s 50 day moving average price is C$23.89 and its 200 day moving average price is C$21.11. Softchoice has a 12 month low of C$16.09 and a 12 month high of C$24.46. The stock has a market cap of C$1.04 billion, a price-to-earnings ratio of 26.65 and a beta of -0.14.

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.