Brokerages Set Softchoice Co. (TSE:SFTC) Target Price at C$23.92

Softchoice Co. (TSE:SFTC) has been assigned a consensus recommendation of “Hold” from the two analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$23.92.

A number of research firms have commented on SFTC. Scotiabank downgraded shares of Softchoice from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$24.00 to C$25.50 in a research note on Friday, January 3rd. National Bankshares lowered Softchoice from an “outperform” rating to a “tender” rating and boosted their price objective for the company from C$23.00 to C$24.50 in a report on Thursday, January 2nd. ATB Capital downgraded Softchoice from an “outperform” rating to a “tender” rating and reduced their target price for the stock from C$26.00 to C$24.50 in a report on Thursday, January 2nd. Cormark downgraded Softchoice from a “buy” rating to a “tender” rating and lowered their price target for the company from C$25.50 to C$24.50 in a report on Thursday, January 2nd. Finally, CIBC cut shares of Softchoice from a “neutral” rating to a “tender” rating and increased their target price for the stock from C$23.00 to C$24.50 in a report on Thursday, January 2nd.

Softchoice Trading Up 0.0 %

Shares of SFTC stock opened at C$24.32 on Monday. The firm has a fifty day simple moving average of C$23.50 and a 200-day simple moving average of C$20.36. The company has a market capitalization of C$1.47 billion, a PE ratio of 27.02 and a beta of -0.14. Softchoice has a twelve month low of C$16.09 and a twelve 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.