Softchoice Co. (TSE:SFTC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Softchoice Co. (TSE:SFTC) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$22.67.

SFTC has been the topic of several research reports. Cormark cut shares of Softchoice from a “buy” rating to a “tender” rating and dropped their price target for the stock from C$25.50 to C$24.50 in a research report on Thursday. ATB Capital lowered shares of Softchoice from an “outperform” rating to a “tender” rating and cut their target price for the company from C$26.00 to C$24.50 in a research note on Thursday. CIBC lowered shares of Softchoice from a “neutral” rating to a “tender” rating and lifted their price target for the stock from C$23.00 to C$24.50 in a research report on Thursday. Scotiabank upgraded Softchoice from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$20.00 to C$24.00 in a research report on Tuesday, November 12th. Finally, National Bankshares cut Softchoice from an “outperform” rating to a “tender” rating and lifted their target price for the stock from C$23.00 to C$24.50 in a report on Thursday.

Softchoice Stock Performance

Shares of SFTC stock traded down C$0.01 during mid-day trading on Thursday, hitting C$24.23. 303,669 shares of the stock traded hands, compared to its average volume of 25,387. Softchoice has a twelve month low of C$15.06 and a twelve month high of C$24.45. The company’s 50-day simple moving average is C$22.25 and its 200-day simple moving average is C$19.49. The firm has a market cap of C$1.46 billion, a price-to-earnings ratio of 26.92 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.