Softchoice Co. (TSE:SFTC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Softchoice Co. (TSE:SFTC) have been given an average recommendation of “Hold” by the two research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation. The average 12 month target price among brokers that have covered the stock in the last year is C$23.92.

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

Softchoice Stock Down 0.1 %

TSE SFTC opened at C$24.23 on Thursday. The firm’s 50 day moving average is C$22.43 and its 200-day moving average is C$19.62. Softchoice has a 12-month low of C$15.71 and a 12-month high of C$24.45. The company has a market capitalization of C$1.46 billion, a PE ratio of 26.92 and a beta of -0.14.

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.