Softchoice (TSE:SFTC - Free Report) had its price objective lowered by Cormark from C$26.00 to C$21.50 in a research report sent to investors on Thursday, BayStreet.CA reports.
Other research analysts have also recently issued reports about the company. CIBC lifted their price objective on Softchoice from C$17.50 to C$19.50 and gave the company a neutral rating in a report on Wednesday, March 6th. ATB Capital decreased their price objective on shares of Softchoice from C$21.00 to C$20.00 and set a sector perform rating on the stock in a research note on Wednesday, March 6th. Finally, National Bankshares cut their target price on shares of Softchoice from C$25.00 to C$24.00 in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Softchoice currently has a consensus rating of Hold and a consensus target price of C$21.83.
View Our Latest Stock Analysis on Softchoice
Softchoice Stock Performance
Shares of TSE:SFTC traded down C$0.19 during trading on Thursday, hitting C$17.62. 35,416 shares of the stock were exchanged, compared to its average volume of 43,737. The company's fifty day simple moving average is C$18.65 and its 200-day simple moving average is C$17.17. The company has a market capitalization of C$1.05 billion, a price-to-earnings ratio of 16.21 and a beta of -0.17. Softchoice has a 1-year low of C$14.40 and a 1-year high of C$22.46.
Softchoice Company Profile
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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.
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