Softchoice (TSE:SFTC) Downgraded by Cormark to Tender

Cormark lowered shares of Softchoice (TSE:SFTC) from a buy rating to a tender rating in a research note published on Thursday morning,BayStreet.CA reports. They currently have C$24.50 price objective on the stock, down from their prior price objective of C$25.50.

Other research analysts also recently issued reports about the stock. Scotiabank raised shares of Softchoice from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$20.00 to C$24.00 in a research report on Tuesday, November 12th. National Bankshares downgraded Softchoice from an “outperform” rating to a “tender” rating and boosted their target price for the company from C$23.00 to C$24.50 in a report on Thursday. Finally, CIBC downgraded Softchoice from a “neutral” rating to a “tender” rating and increased their price objective for the company from C$23.00 to C$24.50 in a report on Thursday. One research analyst has rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$23.67.

Softchoice Price Performance

Softchoice stock opened at C$24.15 on Thursday. Softchoice has a 1-year low of C$15.06 and a 1-year high of C$24.45. The stock has a market cap of C$1.46 billion, a PE ratio of 26.83 and a beta of -0.14. The stock’s fifty day moving average is C$22.32 and its two-hundred day moving average is 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.