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Softchoice (TSE:SFTC) Downgraded by Cormark to "Tender"

Softchoice logo with Computer and Technology background

Softchoice (TSE:SFTC - Get Free Report) was downgraded by equities researchers at Cormark from a "buy" rating to a "tender" rating in a research report issued on Thursday,BayStreet.CA reports. They presently have a C$24.50 price target on the stock, down from their prior price target of C$25.50. Cormark's price target would suggest a potential upside of 1.45% from the company's current price.

SFTC has been the topic of a number of other reports. National Bankshares cut Softchoice from an "outperform" rating to a "tender" rating and upped their price target for the stock from C$23.00 to C$24.50 in a research note on Thursday. Scotiabank upgraded Softchoice from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$20.00 to C$24.00 in a report on Tuesday, November 12th. Finally, CIBC downgraded Softchoice from a "neutral" rating to a "tender" rating and upped their price target for the stock from C$23.00 to C$24.50 in a report on Thursday. One analyst has rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Softchoice currently has an average rating of "Moderate Buy" and a consensus target price of C$23.67.

View Our Latest Stock Report on SFTC

Softchoice Stock Down 0.4 %

Shares of SFTC traded down C$0.09 during trading on Thursday, reaching C$24.15. 369,310 shares of the company traded hands, compared to its average volume of 25,387. The stock has a 50-day simple moving average of C$22.32 and a 200-day simple moving average of C$19.53. Softchoice has a twelve month low of C$15.06 and a twelve month high of C$24.45. The stock has a market cap of C$1.46 billion, a PE ratio of 26.83 and a beta of -0.14.

About Softchoice

(Get Free Report)

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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