Softchoice Co. (TSE:SFTC - Get Free Report)'s stock price traded down 0.9% on Tuesday . The company traded as low as C$20.87 and last traded at C$20.91. 5,187 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 28,544 shares. The stock had previously closed at C$21.10.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Scotiabank increased their price objective on shares of Softchoice from C$18.00 to C$20.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 14th. ATB Capital upgraded shares of Softchoice from a "sector perform" rating to an "outperform" rating and raised their price target for the company from C$18.50 to C$23.00 in a research report on Monday, August 12th. Finally, Royal Bank of Canada raised their price target on shares of Softchoice from C$19.00 to C$20.00 and gave the company a "sector perform" rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$22.00.
Check Out Our Latest Stock Report on Softchoice
Softchoice Price Performance
The business's 50 day simple moving average is C$19.22 and its 200 day simple moving average is C$18.38. The company has a market capitalization of C$1.25 billion, a PE ratio of 23.23 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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