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

Softchoice Co. (TSE:SFTC) has received an average rating of “Hold” from the two brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$24.58.

A number of equities research analysts have recently weighed in on the company. ATB Capital downgraded Softchoice from an “outperform” rating to a “tender” rating and dropped their target price for the stock from C$26.00 to C$24.50 in a report on Thursday, January 2nd. Cormark cut shares of Softchoice from a “buy” rating to a “tender” rating and dropped their price objective for the stock from C$25.50 to C$24.50 in a research note on Thursday, January 2nd. Scotiabank lowered shares of Softchoice from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$24.00 to C$25.50 in a research report on Friday, January 3rd. Royal Bank of Canada raised their target price on shares of Softchoice from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. Finally, National Bankshares cut Softchoice from an “outperform” 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, January 2nd.

Softchoice Price Performance

The firm has a 50-day moving average price of C$24.36 and a two-hundred day moving average price of C$21.48. Softchoice has a one year low of C$16.09 and a one year high of C$24.57. The company has a market cap of C$1.04 billion, a P/E ratio of 26.68 and a beta of -0.14.

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.