Softchoice (TSE:SFTC) Price Target Raised to C$24.00 at Royal Bank of Canada

Softchoice (TSE:SFTC) had its price objective lifted by Royal Bank of Canada from C$23.00 to C$24.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential downside of 1.68% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. National Bankshares cut Softchoice from an “outperform” 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, January 2nd. Cormark lowered shares of Softchoice from a “buy” rating to a “tender” rating and lowered their target price for the stock from C$25.50 to C$24.50 in a report on Thursday, January 2nd. ATB Capital downgraded shares of Softchoice from an “outperform” rating to a “tender” rating and cut their price target for the company from C$26.00 to C$24.50 in a report on Thursday, January 2nd. Scotiabank cut shares of Softchoice from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$24.00 to C$25.50 in a research note on Friday, January 3rd. Finally, CIBC cut shares of Softchoice from a “neutral” rating to a “tender” rating and lifted their target price for the company from C$23.00 to C$24.50 in a research note on Thursday, January 2nd. Two analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$24.58.

Softchoice Trading Up 0.2 %

SFTC stock opened at C$24.41 on Tuesday. Softchoice has a 1-year low of C$16.09 and a 1-year high of C$24.45. The business’s 50 day moving average is C$23.67 and its 200-day moving average is C$20.64. The firm has a market cap of C$1.47 billion, a P/E ratio of 27.12 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.