Softchoice (TSE:SFTC) Price Target Raised to C$24.00

Softchoice (TSE:SFTC - Get Free Report) had its price objective boosted by Royal Bank of Canada from C$23.00 to C$24.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock.

Several other brokerages also recently issued reports on SFTC. ATB Capital downgraded Softchoice from an "outperform" rating to a "tender" rating and decreased their target price for the company from C$26.00 to C$24.50 in a research note on Thursday, January 2nd. Cormark downgraded Softchoice from a "buy" rating to a "tender" rating and reduced their price objective for the stock from C$25.50 to C$24.50 in a research note on Thursday, January 2nd. Scotiabank downgraded Softchoice from an "outperform" rating to a "sector perform" rating and boosted their target price for the company from C$24.00 to C$25.50 in a research report on Friday, January 3rd. National Bankshares downgraded Softchoice from an "outperform" rating to a "tender" rating and boosted their target price for the company from C$23.00 to C$24.50 in a research report on Thursday, January 2nd. Finally, CIBC cut Softchoice from a "neutral" rating to a "tender" rating and boosted their price objective for the company from C$23.00 to C$24.50 in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$24.58.

Softchoice Stock Performance

Softchoice has a 12-month low of C$16.09 and a 12-month high of C$24.45. The stock has a market cap of C$1.04 billion, a PE ratio of 26.60 and a beta of -0.14. The company's fifty day moving average is C$23.69 and its 200-day moving average is C$20.73.

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.