National Bankshares Downgrades Softchoice (TSE:SFTC) to Tender

Softchoice (TSE:SFTC - Get Free Report) was downgraded by equities researchers at National Bankshares from an "outperform" rating to a "tender" rating in a research report issued on Thursday,BayStreet.CA reports. They currently have a C$24.50 price objective on the stock, up from their previous price objective of C$23.00. National Bankshares' price objective indicates a potential upside of 1.45% from the company's current price.

Other research analysts have also issued reports about the company. Scotiabank raised Softchoice from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from C$20.00 to C$24.00 in a research report on Tuesday, November 12th. Cormark boosted their target price on shares of Softchoice from C$24.00 to C$25.50 in a report on Monday, November 11th. One analyst has rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Softchoice presently has an average rating of "Moderate Buy" and a consensus target price of C$23.67.

Softchoice Price Performance

Shares of SFTC stock traded down C$0.09 during mid-day trading on Thursday, hitting C$24.15. The stock had a trading volume of 369,310 shares, compared to its average volume of 25,387. The firm has a market capitalization of C$1.46 billion, a P/E ratio of 26.83 and a beta of -0.14. Softchoice has a 12-month low of C$15.06 and a 12-month high of C$24.45. The firm's 50-day moving average is C$22.32 and its two-hundred day moving average is C$19.53.

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.