Softchoice Co. (TSE:SFTC) Receives C$22.00 Consensus PT from Brokerages

Softchoice Co. (TSE:SFTC) has earned an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$22.00.

SFTC has been the subject of a number of research analyst reports. Scotiabank lifted their target price on shares of Softchoice from C$18.00 to C$20.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th. Royal Bank of Canada raised their price target on Softchoice from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. Finally, ATB Capital upgraded Softchoice from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$18.50 to C$23.00 in a research report on Monday, August 12th.

Softchoice Price Performance

The business has a 50 day moving average of C$19.61 and a 200 day moving average of C$18.52. Softchoice has a 12 month low of C$14.40 and a 12 month high of C$22.46. The company has a market capitalization of C$1.33 billion, a price-to-earnings ratio of 24.44 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.