Softchoice Co. (TSE:SFTC) Given Average Recommendation of “Hold” by Brokerages

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

SFTC has been the subject of several recent research reports. CIBC downgraded Softchoice from a “neutral” rating to a “tender” rating and boosted their price objective for the company from C$23.00 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 price target for the company from C$26.00 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 raised their price objective for the company from C$24.00 to C$25.50 in a research note on Friday, January 3rd. National Bankshares cut shares of Softchoice from an “outperform” rating to a “tender” rating and lifted their price objective for the company from C$23.00 to C$24.50 in a report on Thursday, January 2nd. Finally, Royal Bank of Canada upped their target price on shares of Softchoice from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th.

Softchoice Stock Performance

Softchoice has a 12 month low of C$16.09 and a 12 month high of C$24.57. The firm has a market cap of C$1.04 billion, a P/E ratio of 26.68 and a beta of -0.14. The company has a 50 day moving average price of C$24.36 and a 200-day moving average price of C$21.48.

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.