Softchoice (TSE:SFTC) Cut to Tender at Cormark

Cormark lowered shares of Softchoice (TSE:SFTCFree Report) from a buy rating to a tender rating in a report released on Thursday,BayStreet.CA reports. The firm currently has C$24.50 price target on the stock, down from their previous price target of C$25.50.

Several other equities research analysts also recently weighed in on the company. National Bankshares downgraded Softchoice from an “outperform” rating to a “tender” rating and increased their price objective for the company from C$23.00 to C$24.50 in a report on Thursday. CIBC downgraded shares of Softchoice from a “neutral” rating to a “tender” rating and upped their price target for the company from C$23.00 to C$24.50 in a research report on Thursday. Finally, Scotiabank raised shares of Softchoice from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$20.00 to C$24.00 in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$23.92.

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Softchoice Price Performance

The firm has a market capitalization of C$1.46 billion, a PE ratio of 26.96 and a beta of -0.14. Softchoice has a 52-week low of C$15.15 and a 52-week high of C$24.45. The business’s 50 day moving average price is C$22.37 and its 200-day moving average price is C$19.58.

Softchoice Company Profile

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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.

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