Softchoice (TSE:SFTC) PT Raised to C$20.00 at Royal Bank of Canada

Softchoice (TSE:SFTC) had its price target upped by Royal Bank of Canada from C$19.00 to C$20.00 in a research report report published on Monday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Other equities research analysts have also issued research reports about the stock. National Bankshares dropped their price target on shares of Softchoice from C$25.00 to C$24.00 in a research note on Thursday, May 9th. Cormark decreased their price objective on Softchoice from C$26.00 to C$21.50 in a report on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Softchoice presently has a consensus rating of Moderate Buy and a consensus price target of C$22.00.

Softchoice Stock Performance

Softchoice stock opened at C$18.36 on Monday. The firm has a market capitalization of C$1.11 billion, a P/E ratio of 19.96 and a beta of -0.16. The company has a 50-day simple moving average of C$17.63 and a 200-day simple moving average of C$17.71. Softchoice has a one year low of C$14.40 and a one year high of C$22.46.

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.