Softchoice Co. (TSE:SFTC) Receives C$22.67 Consensus PT from Brokerages

Softchoice Co. (TSE:SFTC) has received a consensus rating of “Hold” from the two analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$23.92.

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

Softchoice Stock Performance

Shares of SFTC opened at C$24.29 on Thursday. Softchoice has a 52 week low of C$15.71 and a 52 week high of C$24.45. The firm has a market capitalization of C$1.47 billion, a P/E ratio of 26.99 and a beta of -0.14. The company has a 50-day simple moving average of C$22.52 and a 200-day simple moving average of C$19.71.

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.