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

Softchoice Co. (TSE:SFTC) has been given an average recommendation of “Hold” by the two analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have covered the stock in the last year is C$24.58.

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

Softchoice Trading Up 0.2 %

Shares of TSE:SFTC opened at C$24.46 on Friday. Softchoice has a 52 week low of C$16.09 and a 52 week high of C$24.46. The company’s 50 day moving average is C$23.89 and its two-hundred day moving average is C$21.11. The company has a market cap of C$1.04 billion, a PE ratio of 26.65 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.