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

Softchoice Co. (TSE:SFTC) has been given an average rating of “Hold” by the two ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$23.92.

Several research firms have recently commented on SFTC. National Bankshares cut shares of Softchoice from an “outperform” rating to a “tender” rating and increased their price target for the company from C$23.00 to C$24.50 in a research note on Thursday, January 2nd. Cormark cut Softchoice from a “buy” rating to a “tender” rating and lowered their target price for the company from C$25.50 to C$24.50 in a research note on Thursday, January 2nd. Scotiabank lowered Softchoice from an “outperform” rating to a “sector perform” rating and upped their price target for the company from C$24.00 to C$25.50 in a research note on Friday, January 3rd. ATB Capital lowered Softchoice from an “outperform” rating to a “tender” rating and lowered their price objective for the stock from C$26.00 to C$24.50 in a research report on Thursday, January 2nd. Finally, CIBC lowered shares of 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.

Softchoice Price Performance

Shares of TSE SFTC opened at C$24.29 on Thursday. Softchoice has a 12-month low of C$15.71 and a 12-month high of C$24.45. The firm’s 50-day simple moving average is C$22.52 and its 200 day simple moving average is C$19.71. The company has a market cap of C$1.47 billion, a price-to-earnings ratio of 26.99 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.