Softchoice Co. (TSE:SFTC) Receives C$22.00 Consensus Price Target from Analysts

Shares of Softchoice Co. (TSE:SFTC - Get Free Report) have received a consensus rating of "Moderate Buy" from the six ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$22.00.

A number of equities analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on Softchoice from C$19.00 to C$20.00 and gave the stock a "sector perform" rating in a report on Monday, August 12th. ATB Capital upgraded Softchoice from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$18.50 to C$23.00 in a report on Monday, August 12th. Finally, Scotiabank lifted their price objective on Softchoice from C$18.00 to C$20.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 14th.

Softchoice Price Performance

Shares of SFTC traded up C$0.23 during midday trading on Friday, reaching C$21.65. The stock had a trading volume of 5,973 shares, compared to its average volume of 28,250. Softchoice has a 52 week low of C$14.40 and a 52 week high of C$22.46. The firm's 50 day moving average price is C$19.39 and its 200-day moving average price is C$18.44. The company has a market capitalization of C$1.31 billion, a P/E ratio of 24.06 and a beta of -0.14.

Softchoice Company Profile

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.