Brokerages Set Softchoice Co. (TSE:SFTC) PT at C$24.58

Shares of Softchoice Co. (TSE:SFTC - Get Free Report) have earned an average rating of "Hold" from the two analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$24.58.

A number of research firms have recently issued reports on SFTC. CIBC downgraded shares of Softchoice from a "neutral" rating to a "tender" rating and boosted their price target for the company from C$23.00 to C$24.50 in a research note on Thursday, January 2nd. National Bankshares downgraded shares of Softchoice from an "outperform" rating to a "tender" rating and boosted their price target for the company from C$23.00 to C$24.50 in a research note on Thursday, January 2nd. Royal Bank of Canada boosted their price target on shares of Softchoice from C$23.00 to C$24.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th. Scotiabank downgraded shares of Softchoice from an "outperform" rating to a "sector perform" rating and boosted their price target for the company from C$24.00 to C$25.50 in a research note on Friday, January 3rd. Finally, ATB Capital downgraded shares of Softchoice from an "outperform" rating to a "tender" rating and reduced their price target for the company from C$26.00 to C$24.50 in a research note on Thursday, January 2nd.

Softchoice Stock Up 0.0 %

TSE:SFTC traded up C$0.01 on Friday, hitting C$24.40. The stock had a trading volume of 49,567 shares, compared to its average volume of 138,617. The stock has a market cap of C$1.04 billion, a price-to-earnings ratio of 26.58 and a beta of -0.14. The company has a fifty day moving average price of C$23.76 and a two-hundred day moving average price of C$20.89. Softchoice has a 1-year low of C$16.09 and a 1-year high of C$24.45.

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.