Softchoice (TSE:SFTC) Cut to “Tender” at National Bankshares

National Bankshares cut shares of Softchoice (TSE:SFTC) from an outperform rating to a tender rating in a report issued on Thursday morning,BayStreet.CA reports. The brokerage currently has C$24.50 target price on the stock, up from their prior target price of C$23.00.

Several other research analysts have also recently weighed in on SFTC. Cormark boosted their price objective on shares of Softchoice from C$24.00 to C$25.50 in a report on Monday, November 11th. Scotiabank upgraded shares of Softchoice from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$20.00 to C$24.00 in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Softchoice presently has a consensus rating of “Hold” and a consensus price target of C$23.92.

Softchoice Price Performance

Softchoice has a twelve month low of C$15.15 and a twelve month high of C$24.45. The stock has a 50 day simple moving average of C$22.37 and a 200-day simple moving average of C$19.58. The company has a market cap of C$1.46 billion, a P/E ratio of 26.96 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.