Softchoice Co. (TSE:SFTC) Receives C$22.67 Average Price Target from Analysts

Shares of Softchoice Co. (TSE:SFTC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the two analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$23.67.

Several equities research analysts recently issued reports on SFTC shares. Cormark downgraded Softchoice from a "buy" rating to a "tender" rating and cut their price objective for the company from C$25.50 to C$24.50 in a report on Thursday. National Bankshares lowered shares of Softchoice from an "outperform" rating to a "tender" rating and boosted their price target for the stock from C$23.00 to C$24.50 in a research note on Thursday. Scotiabank raised shares of Softchoice from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$20.00 to C$24.00 in a research note on Tuesday, November 12th. ATB Capital downgraded shares of Softchoice from an "outperform" rating to a "tender" rating and cut their target price for the stock from C$26.00 to C$24.50 in a research note on Thursday. Finally, CIBC lowered shares of Softchoice from a "neutral" rating to a "tender" rating and increased their target price for the stock from C$23.00 to C$24.50 in a report on Thursday.

Softchoice Stock Down 0.4 %

TSE SFTC traded down C$0.09 on Thursday, reaching C$24.15. The stock had a trading volume of 369,310 shares, compared to its average volume of 25,387. The stock has a fifty day moving average price of C$22.32 and a two-hundred day moving average price of C$19.53. Softchoice has a 12-month low of C$15.06 and a 12-month high of C$24.45. The firm has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 26.83 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.