Analysts Set Softchoice Co. (TSE:SFTC) Price Target at C$24.58

Shares of Softchoice Co. (TSE:SFTC) have been assigned a consensus recommendation of “Hold” from the two research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have covered the stock in the last year is C$24.58.

SFTC has been the topic of a number of recent research reports. Royal Bank of Canada upped their price objective on shares of Softchoice from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. Scotiabank downgraded shares of Softchoice from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$24.00 to C$25.50 in a research note on Friday, January 3rd. CIBC downgraded shares of Softchoice from a “neutral” rating to a “tender” rating and upped their target price for the stock from C$23.00 to C$24.50 in a research note on Thursday, January 2nd. National Bankshares downgraded shares of Softchoice from an “outperform” rating to a “tender” rating and upped their target price for the stock from C$23.00 to C$24.50 in a research note on Thursday, January 2nd. Finally, ATB Capital downgraded shares of 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 note on Thursday, January 2nd.

Softchoice Stock Performance

Shares of SFTC opened at C$24.40 on Friday. The stock has a market cap of C$1.04 billion, a PE ratio of 26.58 and a beta of -0.14. Softchoice has a fifty-two week low of C$16.09 and a fifty-two week high of C$24.45. The firm’s 50-day simple moving average is C$23.76 and its two-hundred day simple moving average is C$20.94.

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.