Analysts Set Softchoice Co. (TSE:SFTC) PT at C$22.67

Softchoice Co. (TSE:SFTC) has received an average recommendation 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 1 year target price among brokers that have issued ratings on the stock in the last year is C$23.92.

A number of analysts recently issued reports on SFTC shares. Scotiabank cut Softchoice from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$24.00 to C$25.50 in a research report on Friday. CIBC cut Softchoice from a “neutral” rating to a “tender” rating and boosted their price target for the company from C$23.00 to C$24.50 in a research note on Thursday. ATB Capital cut shares of Softchoice from an “outperform” rating to a “tender” rating and reduced their target price for the company from C$26.00 to C$24.50 in a research note on Thursday. Cormark lowered shares of Softchoice from a “buy” rating to a “tender” rating and dropped their price target for the stock from C$25.50 to C$24.50 in a research note on Thursday. Finally, National Bankshares lowered shares of Softchoice from an “outperform” rating to a “tender” rating and lifted their price objective for the company from C$23.00 to C$24.50 in a research note on Thursday.

Softchoice Stock Performance

The business has a 50-day moving average of C$22.37 and a 200 day moving average of C$19.58. The stock has a market cap of C$1.46 billion, a P/E ratio of 26.96 and a beta of -0.14. Softchoice has a 12-month low of C$15.15 and a 12-month high of C$24.45.

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.