Softchoice (TSE:SFTC) Rating Lowered to Tender at CIBC

CIBC downgraded shares of Softchoice (TSE:SFTC) from a neutral rating to a tender rating in a research report sent to investors on Thursday,BayStreet.CA reports. The brokerage currently has C$24.50 target price on the stock, up from their prior target price of C$23.00.

Several other equities analysts also recently weighed in on SFTC. Cormark increased their price target on shares of Softchoice from C$24.00 to C$25.50 in a report on Monday, November 11th. Scotiabank upgraded shares of Softchoice from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$20.00 to C$24.00 in a research note on Tuesday, November 12th. Finally, National Bankshares downgraded shares of Softchoice from an “outperform” rating to a “tender” rating and boosted their target price for the company from C$23.00 to C$24.50 in a research report on Thursday. Two investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$23.92.

Softchoice Stock Performance

The company’s fifty day moving average price is C$22.37 and its 200-day moving average price is C$19.58. The stock has a market cap of C$1.46 billion, a P/E ratio of 26.96 and a beta of -0.14. Softchoice has a one year low of C$15.15 and a one year high of C$24.45.

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.