Softchoice (TSE:SFTC) Lowered to “Tender” Rating by CIBC

CIBC lowered shares of Softchoice (TSE:SFTC) from a neutral rating to a tender rating in a report issued on Thursday,BayStreet.CA reports. They currently have C$24.50 price target on the stock, up from their prior price target of C$23.00.

A number of other research analysts also recently weighed in on the stock. National Bankshares downgraded shares of Softchoice from an “outperform” rating to a “tender” rating and upped their price objective for the stock from C$23.00 to C$24.50 in a research report on Thursday. Cormark upped their price target on Softchoice from C$24.00 to C$25.50 in a report on Monday, November 11th. Finally, Scotiabank raised Softchoice from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$20.00 to C$24.00 in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.67.

Softchoice Price Performance

TSE:SFTC opened at C$24.15 on Thursday. The company has a 50 day moving average price of C$22.32 and a 200-day moving average price of C$19.53. Softchoice has a 1-year low of C$15.06 and a 1-year high of C$24.45. The firm has a market cap of C$1.46 billion, a price-to-earnings ratio of 26.83 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.