Softchoice (TSE:SFTC) Given New C$25.50 Price Target at Cormark

Softchoice (TSE:SFTC) had its target price raised by Cormark from C$24.00 to C$25.50 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the stock. Scotiabank raised their price objective on shares of Softchoice from C$18.00 to C$20.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. Royal Bank of Canada boosted their price objective on shares of Softchoice from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Finally, ATB Capital upgraded shares of Softchoice from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$18.50 to C$23.00 in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$22.00.

Softchoice Price Performance

The business has a 50 day simple moving average of C$19.87 and a 200-day simple moving average of C$18.53. Softchoice has a 12 month low of C$14.40 and a 12 month high of C$22.46. The company has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 23.33 and a beta of -0.14.

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.