Softchoice (TSE:SFTC) Downgraded by ATB Capital to “Tender”

Softchoice (TSE:SFTC) was downgraded by research analysts at ATB Capital from an “outperform” rating to a “tender” rating in a research note issued on Thursday,BayStreet.CA reports. They presently have a C$24.50 target price on the stock, down from their prior target price of C$26.00. ATB Capital’s price target indicates a potential upside of 1.16% from the company’s current price.

SFTC has been the topic of a number of other reports. Cormark cut shares of Softchoice from a “buy” rating to a “tender” rating and cut their target price for the company from C$25.50 to C$24.50 in a report on Thursday. Scotiabank raised shares of Softchoice from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$20.00 to C$24.00 in a report on Tuesday, November 12th. National Bankshares lowered Softchoice from an “outperform” rating to a “tender” rating and raised their price target for the stock from C$23.00 to C$24.50 in a report on Thursday. Finally, CIBC downgraded Softchoice from a “neutral” rating to a “tender” rating and upped their price objective for the company from C$23.00 to C$24.50 in a research note on Thursday. One analyst has rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$23.67.

Softchoice Trading Down 0.1 %

Shares of SFTC stock traded down C$0.02 on Thursday, reaching C$24.22. 291,969 shares of the stock were exchanged, compared to its average volume of 25,387. Softchoice has a twelve month low of C$15.06 and a twelve month high of C$24.45. The company has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 26.91 and a beta of -0.14. The business’s 50 day moving average price is C$22.25 and its 200 day moving average price is C$19.49.

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.