Softchoice (TSE:SFTC) Rating Lowered to “Tender” at National Bankshares

Softchoice (TSE:SFTC) was downgraded by equities researchers at National Bankshares from an “outperform” rating to a “tender” rating in a research report issued on Thursday,BayStreet.CA reports. They presently have a C$24.50 price objective on the stock, up from their prior price objective of C$23.00. National Bankshares’ price target points to a potential upside of 1.16% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Scotiabank raised Softchoice from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$20.00 to C$24.00 in a report on Tuesday, November 12th. Cormark raised their price target on shares of Softchoice from C$24.00 to C$25.50 in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$23.67.

Softchoice Stock Performance

Shares of SFTC traded down C$0.02 during mid-day trading on Thursday, reaching C$24.22. The company had a trading volume of 291,969 shares, compared to its average volume of 25,387. The firm has a 50-day moving average price of C$22.25 and a 200 day moving average price of C$19.49. The company has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 26.91 and a beta of -0.14. Softchoice has a 52 week low of C$15.06 and a 52 week high of C$24.45.

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.