Royal Bank of Canada Forecasts Strong Price Appreciation for Softchoice (TSE:SFTC) Stock

Softchoice (TSE:SFTC) had its price target hoisted by Royal Bank of Canada from C$23.00 to C$24.00 in a research report released on Tuesday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research analysts also recently commented on SFTC. Scotiabank downgraded Softchoice from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$24.00 to C$25.50 in a report on Friday, January 3rd. ATB Capital downgraded Softchoice from an “outperform” rating to a “tender” rating and reduced their target price for the stock from C$26.00 to C$24.50 in a report on Thursday, January 2nd. Cormark cut shares of Softchoice from a “buy” rating to a “tender” rating and dropped their price objective for the stock from C$25.50 to C$24.50 in a research 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 stock from C$23.00 to C$24.50 in a research report on Thursday, January 2nd. Finally, CIBC cut shares of Softchoice from a “neutral” rating to a “tender” rating and boosted their price objective for the stock from C$23.00 to C$24.50 in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Softchoice has an average rating of “Hold” and an average target price of C$24.58.

Softchoice Trading Down 0.0 %

TSE SFTC opened at C$24.40 on Tuesday. The stock’s 50 day moving average is C$23.67 and its two-hundred day moving average is C$20.68. The company has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 26.58 and a beta of -0.14. Softchoice has a 1-year low of C$16.09 and a 1-year high of C$24.45.

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.