Softchoice (TSE:SFTC) Shares Down 1.8%

Softchoice Co. (TSE:SFTC)’s share price traded down 1.8% during mid-day trading on Wednesday . The stock traded as low as C$18.77 and last traded at C$19.20. 4,095 shares changed hands during trading, a decline of 87% from the average session volume of 32,208 shares. The stock had previously closed at C$19.56.

Analysts Set New Price Targets

SFTC has been the subject of several analyst reports. National Bankshares lowered their price objective on Softchoice from C$25.00 to C$24.00 in a research report on Thursday, May 9th. ATB Capital raised Softchoice from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$18.50 to C$23.00 in a research report on Monday, August 12th. Scotiabank increased their price objective on Softchoice from C$18.00 to C$20.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. Cormark lowered their price target on Softchoice from C$26.00 to C$21.50 in a report on Thursday, May 9th. Finally, Royal Bank of Canada upped their price objective on Softchoice from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Softchoice currently has a consensus rating of “Moderate Buy” and an average target price of C$22.00.

Softchoice Price Performance

The company has a market cap of C$1.16 billion, a price-to-earnings ratio of 22.07 and a beta of -0.11. The business has a fifty day simple moving average of C$18.23 and a 200 day simple moving average of C$18.03.

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.