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Softchoice (TSE:SFTC) Shares Down 1.2% - Time to Sell?

Softchoice logo with Computer and Technology background

Softchoice Co. (TSE:SFTC - Get Free Report)'s share price traded down 1.2% on Wednesday . The stock traded as low as C$21.23 and last traded at C$21.56. 5,964 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 24,816 shares. The stock had previously closed at C$21.83.

Analysts Set New Price Targets

A number of research analysts have issued reports on SFTC shares. Cormark increased their target price on shares of Softchoice from C$24.00 to C$25.50 in a research report on Monday, November 11th. Scotiabank raised Softchoice from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from C$20.00 to C$24.00 in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$22.67.

Get Our Latest Stock Report on Softchoice

Softchoice Price Performance

The firm's 50-day simple moving average is C$22.11 and its 200 day simple moving average is C$19.36. The firm has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 23.96 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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