Softchoice (TSE:SFTC) Trading Down 0.5%

Softchoice Co. (TSE:SFTC)’s share price traded down 0.5% on Monday . The stock traded as low as C$16.32 and last traded at C$16.67. 6,875 shares traded hands during trading, a decline of 81% from the average session volume of 37,026 shares. The stock had previously closed at C$16.75.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SFTC shares. National Bankshares lowered their price target on Softchoice from C$25.00 to C$24.00 in a report on Thursday, May 9th. CIBC upped their target price on Softchoice from C$17.50 to C$19.50 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Cormark cut their price target on Softchoice from C$26.00 to C$21.50 in a research note on Thursday, May 9th. Finally, ATB Capital lowered their price objective on shares of Softchoice from C$21.00 to C$20.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$21.83.

Softchoice Stock Performance

The business has a 50 day moving average of C$17.39 and a two-hundred day moving average of C$17.47. The stock has a market capitalization of C$1.01 billion, a PE ratio of 18.12 and a beta of -0.16.

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.