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

Softchoice (TSE:SFTC) had its price target reduced by equities research analysts at National Bankshares from C$25.00 to C$24.00 in a report issued on Thursday, BayStreet.CA reports. National Bankshares’ price objective suggests a potential upside of 38.33% from the stock’s current price.

Other research analysts have also issued research reports about the company. ATB Capital dropped their target price on Softchoice from C$21.00 to C$20.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 6th. CIBC upped their price objective on shares of Softchoice from C$17.50 to C$19.50 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Finally, Cormark lifted their target price on shares of Softchoice from C$23.00 to C$26.00 in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$21.83.

Softchoice Price Performance

Shares of TSE:SFTC traded down C$0.46 on Thursday, reaching C$17.35. The company’s stock had a trading volume of 25,567 shares, compared to its average volume of 43,618. Softchoice has a 52-week low of C$14.40 and a 52-week high of C$22.46. The stock’s 50-day moving average is C$18.65 and its two-hundred day moving average is C$17.17. The stock has a market capitalization of C$1.04 billion, a P/E ratio of 16.25 and a beta of -0.17.

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.