Softchoice Co. (TSE:SFTC) Given Consensus Recommendation of “Hold” by Analysts

Shares of Softchoice Co. (TSE:SFTC) have received a consensus rating of “Hold” from the two brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$23.92.

A number of equities analysts recently issued reports on SFTC shares. National Bankshares lowered Softchoice from an “outperform” rating to a “tender” rating and raised their target price for the stock from C$23.00 to C$24.50 in a research note on Thursday, January 2nd. ATB Capital lowered Softchoice from an “outperform” rating to a “tender” rating and dropped their target price for the company from C$26.00 to C$24.50 in a research report on Thursday, January 2nd. CIBC cut shares of Softchoice from a “neutral” rating to a “tender” rating and lifted their price objective for the company from C$23.00 to C$24.50 in a research note on Thursday, January 2nd. Scotiabank lowered shares of Softchoice from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from C$24.00 to C$25.50 in a research note on Friday, January 3rd. Finally, Cormark cut shares of Softchoice from a “buy” rating to a “tender” rating and reduced their target price for the stock from C$25.50 to C$24.50 in a report on Thursday, January 2nd.

Softchoice Stock Performance

Softchoice has a fifty-two week low of C$16.09 and a fifty-two week high of C$24.45. The business has a 50-day moving average of C$23.30 and a two-hundred day moving average of C$20.16. The stock has a market capitalization of C$1.47 billion, a PE ratio of 26.99 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.