Royal Bank of Canada Raises Softchoice (TSE:SFTC) Price Target to C$24.00

Softchoice (TSE:SFTC) had its target price lifted by equities researchers at Royal Bank of Canada from C$23.00 to C$24.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential downside of 1.68% from the company’s previous close.

Several other analysts also recently issued reports on SFTC. Cormark downgraded shares of Softchoice from a “buy” rating to a “tender” rating and cut their target price for the company from C$25.50 to C$24.50 in a research note on Thursday, January 2nd. National Bankshares lowered Softchoice from an “outperform” rating to a “tender” rating and upped their price target for the company from C$23.00 to C$24.50 in a research report on Thursday, January 2nd. CIBC lowered Softchoice from a “neutral” rating to a “tender” rating and raised their price objective for the stock from C$23.00 to C$24.50 in a research report on Thursday, January 2nd. Scotiabank downgraded Softchoice from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$24.00 to C$25.50 in a report on Friday, January 3rd. Finally, ATB Capital cut shares of Softchoice from an “outperform” rating to a “tender” rating and decreased their price target for the stock from C$26.00 to C$24.50 in a report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating, According to MarketBeat.com, Softchoice currently has a consensus rating of “Hold” and an average target price of C$24.58.

Softchoice Stock Up 0.2 %

SFTC opened at C$24.41 on Tuesday. The firm has a market cap of C$1.47 billion, a PE ratio of 27.12 and a beta of -0.14. The business has a fifty day simple moving average of C$23.67 and a 200-day simple moving average of C$20.64. Softchoice has a fifty-two week low of C$16.09 and a fifty-two week 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.