Softchoice (TSE:SFTC) Downgraded to Tender Rating by National Bankshares

National Bankshares downgraded shares of Softchoice (TSE:SFTC) from an outperform rating to a tender rating in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has C$24.50 price target on the stock, up from their previous price target of C$23.00.

Several other analysts have also commented on the stock. Scotiabank upgraded shares of Softchoice from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$20.00 to C$24.00 in a report on Tuesday, November 12th. Cormark raised their target price on Softchoice from C$24.00 to C$25.50 in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.67.

Softchoice Stock Performance

Shares of SFTC stock opened at C$24.15 on Thursday. Softchoice has a fifty-two week low of C$15.06 and a fifty-two week high of C$24.45. The company has a market capitalization of C$1.46 billion, a P/E ratio of 26.83 and a beta of -0.14. The stock has a 50 day moving average price of C$22.32 and a two-hundred day moving average price of C$19.53.

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.