Softchoice (TSE:SFTC) Shares Down 2.3%

Shares of Softchoice Co. (TSE:SFTC) fell 2.3% during trading on Thursday . The stock traded as low as C$16.80 and last traded at C$17.04. 8,255 shares traded hands during trading, a decline of 82% from the average session volume of 45,491 shares. The stock had previously closed at C$17.45.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SFTC shares. National Bankshares boosted their target price on shares of Softchoice from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Cormark upped their price objective on shares of Softchoice from C$23.00 to C$26.00 in a research note on Wednesday, March 6th. ATB Capital decreased their price objective on shares of Softchoice from C$21.00 to C$20.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 6th. Finally, CIBC upped their price objective on shares of Softchoice from C$17.50 to C$19.50 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$22.75.

Softchoice Trading Down 2.3 %

The company’s 50-day moving average price is C$18.65 and its two-hundred day moving average price is C$17.04. The company has a market cap of C$1.02 billion, a P/E ratio of 16.08 and a beta of -0.18.

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.