Softchoice (TSE:SFTC) Given New C$25.50 Price Target at Cormark

Softchoice (TSE:SFTC - Get Free Report) had its target price upped by Cormark from C$24.00 to C$25.50 in a note issued to investors on Monday,BayStreet.CA reports. Cormark's target price would indicate a potential upside of 20.57% from the stock's previous close.

Several other research analysts also recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Softchoice from C$19.00 to C$20.00 and gave the stock a "sector perform" rating in a research note on Monday, August 12th. ATB Capital raised shares of Softchoice from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$18.50 to C$23.00 in a report on Monday, August 12th. Finally, Scotiabank upped their price objective on shares of Softchoice from C$18.00 to C$20.00 and gave the company a "sector perform" rating in a report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of C$22.00.

Softchoice Trading Down 1.4 %

Shares of TSE:SFTC traded down C$0.30 during midday trading on Monday, hitting C$21.15. The company had a trading volume of 2,500 shares, compared to its average volume of 27,188. The firm has a fifty day simple moving average of C$19.83 and a 200 day simple moving average of C$18.53. Softchoice has a 12 month low of C$14.40 and a 12 month high of C$22.46. The stock has a market cap of C$1.28 billion, a price-to-earnings ratio of 23.50 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.

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