ATB Capital lowered shares of Softchoice (TSE:SFTC - Free Report) from an outperform rating to a tender rating in a research report released on Thursday,BayStreet.CA reports. They currently have C$24.50 price target on the stock, down from their previous price target of C$26.00.
Other research analysts also recently issued reports about the company. Cormark downgraded Softchoice from a "buy" rating to a "tender" rating and lowered their target price for the company from C$25.50 to C$24.50 in a research note on Thursday. National Bankshares lowered shares of Softchoice from an "outperform" 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. CIBC downgraded shares of Softchoice from a "neutral" rating to a "tender" rating and upped their price objective for the stock from C$23.00 to C$24.50 in a research report on Thursday. Finally, Scotiabank raised Softchoice from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from C$20.00 to C$24.00 in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$23.67.
Check Out Our Latest Stock Analysis on Softchoice
Softchoice Trading Down 0.4 %
Shares of Softchoice stock traded down C$0.09 during trading on Thursday, reaching C$24.15. The company's stock had a trading volume of 369,310 shares, compared to its average volume of 25,387. The firm has a market cap of C$1.46 billion, a PE ratio of 26.83 and a beta of -0.14. Softchoice has a fifty-two week low of C$15.06 and a fifty-two week high of C$24.45. The company has a 50-day moving average price of C$22.32 and a two-hundred day moving average price of C$19.53.
Softchoice Company Profile
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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.
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