Softchoice (TSE:SFTC) PT Lowered to C$20.00

Softchoice (TSE:SFTC – Get Rating) had its price objective decreased by analysts at Scotiabank from C$22.00 to C$20.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 33.87% from the company’s previous close.

Several other research firms have also recently issued reports on SFTC. BMO Capital Markets set a C$20.00 target price on Softchoice and gave the stock an “outperform” rating in a research report on Wednesday, December 7th. TD Securities lowered Softchoice from a “buy” rating to a “hold” rating and reduced their target price for the company from C$25.00 to C$21.00 in a research note on Monday, March 6th. Finally, CIBC reduced their target price on Softchoice from C$20.00 to C$16.00 in a research note on Monday, December 12th.

Softchoice Price Performance

SFTC opened at C$14.94 on Friday. The business’s 50-day moving average price is C$17.63. Softchoice has a one year low of C$13.57 and a one year high of C$28.66. The firm has a market capitalization of C$875.48 million and a PE ratio of 51.52.

Softchoice Company Profile

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Softchoice Corporation designs, procures, implements, and manages information technology (IT) environment solutions in the United States and Canada. The company offers cloud and data center solutions, such as data center and application modernization, as well as cloud migration, adoption, and management; collaboration and digital workplace solutions comprising secure access, and adoption and change management; IT asset management solutions, including software and hardware asset management solutions; network transformation solutions; and IT security support solutions.