Softchoice (TSE:SFTC) Downgraded to Tender Rating by CIBC

CIBC lowered shares of Softchoice (TSE:SFTC) from a neutral rating to a tender rating in a research report report published on Thursday morning,BayStreet.CA reports. The firm currently has C$24.50 price objective on the stock, up from their prior price objective of C$23.00.

A number of other equities research analysts also recently weighed in on SFTC. Scotiabank raised Softchoice from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$20.00 to C$24.00 in a research report on Tuesday, November 12th. Cormark increased their price target on Softchoice from C$24.00 to C$25.50 in a research note on Monday, November 11th. Finally, National Bankshares lowered Softchoice from an “outperform” rating to a “tender” rating and boosted their price target for the stock from C$23.00 to C$24.50 in a research note on Thursday. One investment analyst has rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$23.67.

Softchoice Stock Performance

Shares of SFTC opened at C$24.15 on Thursday. The stock has a market capitalization of C$1.46 billion, a PE ratio of 26.83 and a beta of -0.14. The company has a 50 day moving average price of C$22.32 and a 200-day moving average price of C$19.53. Softchoice has a fifty-two week low of C$15.06 and a fifty-two week high of C$24.45.

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.