Softchoice (TSE:SFTC) Cut to “Tender” at ATB Capital

ATB Capital cut shares of Softchoice (TSE:SFTC) from an outperform rating to a tender rating in a research note issued to investors on Thursday,BayStreet.CA reports. ATB Capital currently has C$24.50 target price on the stock, down from their previous target price of C$26.00.

A number of other brokerages have also issued reports on SFTC. Scotiabank raised Softchoice from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$20.00 to C$24.00 in a research note on Tuesday, November 12th. CIBC cut 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. Cormark cut shares of Softchoice from a “buy” rating to a “tender” rating and dropped their price target for the stock from C$25.50 to C$24.50 in a research report on Thursday. Finally, National Bankshares lowered shares of Softchoice from an “outperform” rating to a “tender” rating and raised their price objective for the company from C$23.00 to C$24.50 in a research report on Thursday. Two research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Softchoice currently has a consensus rating of “Hold” and a consensus target price of C$23.92.

Softchoice Price Performance

Softchoice has a 1-year low of C$15.15 and a 1-year high of C$24.45. The company has a market capitalization of C$1.46 billion, a PE ratio of 26.96 and a beta of -0.14. The company has a 50-day moving average of C$22.37 and a 200 day moving average of C$19.58.

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.