Softchoice (TSE:SFTC) Rating Increased to Outperform at Scotiabank

Scotiabank upgraded shares of Softchoice (TSE:SFTC) from a sector perform rating to an outperform rating in a research report released on Tuesday,BayStreet.CA reports. Scotiabank currently has C$24.00 price target on the stock, up from their previous price target of C$20.00.

A number of other equities research analysts have also weighed in on SFTC. ATB Capital raised shares of Softchoice from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$18.50 to C$23.00 in a report on Monday, August 12th. Royal Bank of Canada increased their price objective on Softchoice from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Finally, Cormark lifted their target price on Softchoice from C$24.00 to C$25.50 in a report on Monday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$22.67.

Softchoice Trading Up 1.5 %

Softchoice stock opened at C$21.31 on Tuesday. The stock has a 50-day moving average price of C$19.89 and a two-hundred day moving average price of C$18.54. 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$1.29 billion, a PE ratio of 23.68 and a beta of -0.14.

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.