Softchoice Co. (TSE:SFTC) Given Consensus Rating of “Hold” by Brokerages

Shares of Softchoice Co. (TSE:SFTC) have been given a consensus recommendation of “Hold” by the two brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating. The average 12-month price target among brokers that have covered the stock in the last year is C$24.58.

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

Softchoice Stock Performance

Softchoice has a 1 year low of C$16.09 and a 1 year high of C$24.57. The firm has a market cap of C$1.04 billion, a PE ratio of 26.68 and a beta of -0.14. The business’s 50-day simple moving average is C$24.36 and its 200-day simple moving average is C$21.48.

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.