Analysts Set Softchoice Co. (TSE:SFTC) Target Price at C$22.67

Softchoice Co. (TSE:SFTC) has received an average recommendation of “Hold” from the two analysts currently following the company, according to recent reports. Both analysts have rated the stock with a hold status. The average one-year target price set by brokers who have issued ratings over the past year stands at C$22.67.

Several analysts have recently updated their assessments regarding Softchoice shares. For instance, Scotiabank revised its rating from “outperform” to “sector perform” while increasing their price objective for the company from C$24.00 to C$25.50 in a report released on Friday. In another update, CIBC lowered its rating from “neutral” to “tender” and raised its price target for Softchoice from C$23.00 to C$24.50 in a note published on Thursday. Similarly, ATB Capital and Cormark both downgraded their positions on Softchoice from “outperform” to “tender,” with ATB Capital also lowering its price target from C$26.00 to C$24.50 and Cormark adjusting it from C$25.50 to C$24.50. Lastly, National Bankshares downgraded Softchoice from “outperform” to “tender,” while raising their price objective from C$23.00 to C$24.50.

Softchoice Stock Overview

Currently, Softchoice has a 50-day moving average of C$22.37 and a 200-day average of C$19.58. The company’s market capitalization is approximately C$1.46 billion, and it has a price-to-earnings (P/E) ratio of 26.96. The stock recorded a 12-month low of C$15.15 and a 12-month high of C$24.45.

About Softchoice Co.

Softchoice Corporation specializes in designing, procuring, implementing, and managing information technology (IT) solutions across Canada and the United States. The company offers various services, including cloud and data center solutions, collaboration and digital workplace solutions, IT asset management solutions, as well as network and security support solutions.

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