Softchoice Co. (TSE:SFTC) Receives C$22.00 Average Price Target from Analysts

Softchoice Co. (TSE:SFTC) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$22.00.

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their price objective on shares of 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. ATB Capital upgraded shares of Softchoice from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$18.50 to C$23.00 in a report on Monday, August 12th. Finally, Scotiabank boosted 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 report on Wednesday, August 14th.

Softchoice Trading Down 1.0 %

Shares of SFTC opened at C$20.78 on Friday. The firm has a market capitalization of C$1.25 billion, a P/E ratio of 23.09 and a beta of -0.14. Softchoice has a 12-month low of C$14.40 and a 12-month high of C$22.46. The firm has a fifty day moving average price of C$19.70 and a 200-day moving average price of C$18.53.

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.