Softchoice (TSE:SFTC) Shares Down 1.2% – What’s Next?

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Scotiabank raised shares of Softchoice from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$20.00 to C$24.00 in a research note on Tuesday, November 12th. Cormark upped their price target on shares of Softchoice from C$24.00 to C$25.50 in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$22.67.

Softchoice Trading Down 1.2 %

The stock has a market capitalization of C$1.30 billion, a PE ratio of 23.96 and a beta of -0.14. The firm’s fifty day moving average price is C$22.10 and its two-hundred day moving average price is C$19.34.

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.