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

Shares of Softchoice Co. (TSE:SFTC) have earned an average rating of “Hold” from the two research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$24.58.

Several equities analysts have recently commented on the company. CIBC lowered Softchoice from a “neutral” rating to a “tender” rating and raised their price target for the company from C$23.00 to C$24.50 in a research note on Thursday, January 2nd. ATB Capital cut shares of Softchoice from an “outperform” rating to a “tender” rating and lowered their price target for the stock from C$26.00 to C$24.50 in a research report on Thursday, January 2nd. National Bankshares downgraded 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 note on Thursday, January 2nd. Scotiabank cut Softchoice from an “outperform” rating to a “sector perform” rating and increased their target price for the company from C$24.00 to C$25.50 in a research report on Friday, January 3rd. Finally, Royal Bank of Canada upped their price objective on Softchoice from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 11th.

Softchoice Stock Performance

The stock’s 50 day moving average is C$24.36 and its 200 day moving average is C$21.48. Softchoice has a 1 year low of C$16.09 and a 1 year high of C$24.57. The stock has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 26.68 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.