Softchoice (TSE:SFTC) Downgraded by ATB Capital to “Tender”

ATB Capital cut shares of Softchoice (TSE:SFTC) from an outperform rating to a tender rating in a research report released on Thursday morning,BayStreet.CA reports. ATB Capital currently has C$24.50 price target on the stock, down from their previous price target of C$26.00.

SFTC has been the subject of a number of other reports. CIBC cut shares of Softchoice from a “neutral” rating to a “tender” rating and upped their price objective for the company from C$23.00 to C$24.50 in a research report on Thursday. National Bankshares lowered Softchoice from an “outperform” rating to a “tender” rating and raised their price objective for the company from C$23.00 to C$24.50 in a research note on Thursday. Scotiabank upgraded Softchoice from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$20.00 to C$24.00 in a report on Tuesday, November 12th. Finally, Cormark cut Softchoice from a “buy” rating to a “tender” rating and reduced their target price for the company from C$25.50 to C$24.50 in a research note on Thursday. One research analyst has rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Softchoice presently has an average rating of “Moderate Buy” and an average target price of C$23.67.

Softchoice Trading Down 0.4 %

Shares of SFTC stock opened at C$24.15 on Thursday. Softchoice has a twelve month low of C$15.06 and a twelve month high of C$24.45. The company has a market capitalization of C$1.46 billion, a PE ratio of 26.83 and a beta of -0.14. The firm has a fifty day simple moving average of C$22.32 and a 200-day simple moving average of C$19.53.

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.