Softchoice Co. (TSE:SFTC) Receives C$22.67 Consensus Price Target from Brokerages

Shares of Softchoice Co. (TSE:SFTC) have received an average rating of “Hold” from the two research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$23.92.

A number of research analysts have recently commented on SFTC shares. Scotiabank cut shares of Softchoice from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$24.00 to C$25.50 in a research report on Friday. CIBC downgraded Softchoice from a “neutral” rating to a “tender” rating and raised their target price for the company from C$23.00 to C$24.50 in a research note on Thursday. ATB Capital lowered Softchoice from an “outperform” rating to a “tender” rating and dropped their target price for the stock from C$26.00 to C$24.50 in a research report on Thursday. Cormark downgraded Softchoice from a “buy” rating to a “tender” rating and reduced their price target for the company from C$25.50 to C$24.50 in a report on Thursday. Finally, National Bankshares downgraded Softchoice from an “outperform” rating to a “tender” rating and lifted their price objective for the stock from C$23.00 to C$24.50 in a report on Thursday.

Softchoice Stock Performance

Softchoice has a 12-month low of C$15.15 and a 12-month high of C$24.45. The firm’s fifty day simple moving average is C$22.37 and its 200 day simple moving average is C$19.58. The firm has a market capitalization of C$1.46 billion, a PE ratio of 26.96 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.