Brokerages Set Softchoice Co. (TSE:SFTC) Price Target at C$23.92

Shares of Softchoice Co. (TSE:SFTC) have earned an average rating of “Hold” from the two analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$23.92.

Several analysts have recently weighed in on the company. Cormark lowered Softchoice from a “buy” rating to a “tender” rating and cut their price objective for the company from C$25.50 to C$24.50 in a report on Thursday, January 2nd. National Bankshares lowered shares of Softchoice from an “outperform” rating to a “tender” rating and boosted their price target for the company from C$23.00 to C$24.50 in a report on Thursday, January 2nd. CIBC lowered Softchoice from a “neutral” rating to a “tender” rating and raised their price objective for the stock from C$23.00 to C$24.50 in a research report on Thursday, January 2nd. Scotiabank downgraded shares of Softchoice from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$24.00 to C$25.50 in a research note on Friday, January 3rd. Finally, ATB Capital cut Softchoice from an “outperform” rating to a “tender” rating and lowered their price target for the company from C$26.00 to C$24.50 in a research note on Thursday, January 2nd.

Softchoice Stock Performance

Softchoice stock opened at C$24.34 on Monday. Softchoice has a one year low of C$16.09 and a one year high of C$24.45. The company has a 50-day simple moving average of C$23.44 and a 200-day simple moving average of C$20.28. The firm has a market capitalization of C$1.47 billion, a P/E ratio of 27.04 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.