Softchoice Co. (TSE:SFTC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Softchoice Co. (TSE:SFTC) have received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$22.00.

SFTC has been the topic of several recent research reports. Scotiabank increased their price target on shares of Softchoice from C$18.00 to C$20.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th. ATB Capital raised shares of Softchoice from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$18.50 to C$23.00 in a research note on Monday, August 12th. Finally, Royal Bank of Canada raised their target price on shares of Softchoice from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th.

Softchoice Stock Performance

The company has a market capitalization of C$1.16 billion, a P/E ratio of 21.93 and a beta of -0.14. The firm’s fifty day moving average is C$18.68 and its 200 day moving average is C$18.20. Softchoice has a 52-week low of C$14.40 and a 52-week 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.