Softchoice (TSE:SFTC) Price Target Raised to C$24.00

Softchoice (TSE:SFTC) had its target price boosted by Royal Bank of Canada from C$23.00 to C$24.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

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

Softchoice Price Performance

Softchoice stock opened at C$24.40 on Tuesday. The company has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 26.58 and a beta of -0.14. Softchoice has a one year low of C$16.09 and a one year high of C$24.45. The company’s fifty day moving average price is C$23.67 and its two-hundred day moving average price is C$20.68.

About Softchoice

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.