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

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

SFTC has been the topic of several recent analyst reports. 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 report on Thursday, January 2nd. ATB Capital lowered Softchoice from an “outperform” rating to a “tender” rating and decreased their target price for the stock from C$26.00 to C$24.50 in a report on Thursday, January 2nd. Royal Bank of Canada boosted their target price on Softchoice from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. CIBC lowered Softchoice from a “neutral” rating to a “tender” rating and boosted their target price for the stock from C$23.00 to C$24.50 in a report on Thursday, January 2nd. Finally, Scotiabank lowered Softchoice from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$24.00 to C$25.50 in a report on Friday, January 3rd.

Softchoice Price Performance

The firm has a market cap of C$1.04 billion, a price-to-earnings ratio of 26.68 and a beta of -0.14. Softchoice has a 1 year low of C$16.09 and a 1 year high of C$24.57. The business’s fifty day moving average is C$24.36 and its 200 day moving average is C$21.48.

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.