Softchoice Co. (TSE:SFTC) Given Average Rating of “Hold” by Analysts

Shares of Softchoice Co. (TSE:SFTC) have received a consensus rating of “Hold” from the two analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$24.58.

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

Softchoice Stock Up 0.0 %

SFTC opened at C$24.39 on Friday. The stock has a market cap of C$1.04 billion, a PE ratio of 26.57 and a beta of -0.14. The business has a 50 day moving average of C$23.74 and a 200-day moving average of C$20.87. Softchoice has a 52 week low of C$16.09 and a 52 week high of C$24.45.

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.