Softchoice (TSE:SFTC) Upgraded at Scotiabank

Scotiabank upgraded shares of Softchoice (TSE:SFTC) from a sector perform rating to an outperform rating in a research report released on Tuesday morning,BayStreet.CA reports. They currently have C$24.00 target price on the stock, up from their prior target price of C$20.00.

Several other equities research analysts have also commented on the stock. ATB Capital upgraded shares of Softchoice from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$18.50 to C$23.00 in a research note on Monday, August 12th. Cormark increased their price target on Softchoice from C$24.00 to C$25.50 in a research report on Monday. Finally, Royal Bank of Canada boosted their price objective on Softchoice from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$22.67.

Softchoice Price Performance

Shares of SFTC stock opened at C$21.49 on Tuesday. The firm has a 50-day moving average of C$19.94 and a 200-day moving average of C$18.53. Softchoice has a one year low of C$14.40 and a one year high of C$22.46. The company has a market cap of C$1.30 billion, a P/E ratio of 23.88 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.