Softchoice (TSE:SFTC) Price Target Raised to C$25.50

Softchoice (TSE:SFTC) had its price target hoisted by Cormark from C$24.00 to C$25.50 in a research report released on Monday morning,BayStreet.CA reports.

SFTC has been the subject of several other research reports. Scotiabank upped their target price on shares of Softchoice from C$18.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. Royal Bank of Canada upped their target price on shares of Softchoice from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Finally, ATB Capital upgraded shares of Softchoice from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$18.50 to C$23.00 in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Softchoice has a consensus rating of “Moderate Buy” and an average target price of C$22.67.

Softchoice Trading Up 0.9 %

TSE SFTC opened at C$21.50 on Monday. The stock’s 50 day moving average is C$19.90 and its two-hundred day moving average is C$18.54. The company has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 23.89 and a beta of -0.14. Softchoice has a 1-year low of C$14.40 and a 1-year high of C$22.46.

Softchoice Company Profile

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.