Softchoice Co. (TSE:SFTC) Receives Consensus Recommendation of “Hold” from Analysts

Softchoice Co. (TSE:SFTC) has been given an average recommendation of “Hold” by the two ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation. The average 1-year price target among brokers that have covered the stock in the last year is C$24.58.

A number of equities analysts have commented on SFTC shares. Scotiabank lowered Softchoice from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$24.00 to C$25.50 in a research note on Friday, January 3rd. Cormark lowered 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 note on Thursday, January 2nd. National Bankshares lowered Softchoice from an “outperform” rating to a “tender” rating and boosted their price objective for the stock from C$23.00 to C$24.50 in a research note on Thursday, January 2nd. CIBC lowered Softchoice from a “neutral” rating to a “tender” rating and upped their price target for the company from C$23.00 to C$24.50 in a research note on Thursday, January 2nd. Finally, ATB Capital lowered Softchoice from an “outperform” rating to a “tender” rating and cut 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$24.46 on Friday. The firm has a market cap of C$1.04 billion, a P/E ratio of 26.65 and a beta of -0.14. The business’s fifty day moving average is C$23.82 and its two-hundred day moving average is C$21.03. Softchoice has a 52 week low of C$16.09 and a 52 week high of C$24.46.

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.