ATB Capital Downgrades Softchoice (TSE:SFTC) to Tender

ATB Capital lowered shares of Softchoice (TSE:SFTCFree Report) from an outperform rating to a tender rating in a research report sent to investors on Thursday morning,BayStreet.CA reports. The firm currently has C$24.50 price target on the stock, down from their previous price target of C$26.00.

Other equities analysts have also recently issued research reports about the company. Cormark cut Softchoice from a “buy” rating to a “tender” rating and lowered their target price for the company from C$25.50 to C$24.50 in a research note on Thursday. National Bankshares downgraded 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 report on Thursday. Scotiabank upgraded shares of Softchoice from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$20.00 to C$24.00 in a research report on Tuesday, November 12th. Finally, CIBC cut shares of Softchoice from a “neutral” rating to a “tender” rating and boosted their price target for the company from C$23.00 to C$24.50 in a report on Thursday. Two investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$23.92.

Check Out Our Latest Stock Analysis on Softchoice

Softchoice Price Performance

The stock has a market capitalization of C$1.46 billion, a P/E ratio of 26.96 and a beta of -0.14. Softchoice has a twelve month low of C$15.15 and a twelve month high of C$24.45. The company’s fifty day simple moving average is C$22.37 and its two-hundred day simple moving average is C$19.58.

About Softchoice

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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.

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