Softchoice Co. (TSE:SFTC) Receives Consensus Rating of “Hold” from Brokerages

Shares of Softchoice Co. (TSE:SFTC) have received an average rating of “Hold” from the two brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$24.58.

SFTC has been the subject of a number of research reports. CIBC cut shares of Softchoice from a “neutral” rating to a “tender” rating and upped their price target for the stock from C$23.00 to C$24.50 in a research report on Thursday, January 2nd. Royal Bank of Canada boosted their price objective 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. Cormark cut shares of Softchoice from a “buy” rating to a “tender” rating and decreased their price objective for the company from C$25.50 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 increased their price target for the company from C$24.00 to C$25.50 in a report on Friday, January 3rd. Finally, National Bankshares lowered shares of Softchoice from an “outperform” rating to a “tender” rating and lifted their price target for the stock from C$23.00 to C$24.50 in a research note on Thursday, January 2nd.

Softchoice Price Performance

The stock has a 50-day simple moving average of C$24.36 and a two-hundred day simple moving average of C$21.48. Softchoice has a 52-week low of C$16.09 and a 52-week high of C$24.57. The firm has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 26.68 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.