CIBC Increases Softchoice (TSE:SFTC) Price Target to C$19.00

Softchoice (TSE:SFTC) had its target price increased by equities researchers at CIBC from C$17.50 to C$19.00 in a report issued on Friday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock.

Separately, TD Securities upgraded shares of Softchoice from a “hold” rating to a “buy” rating and increased their target price for the stock from C$21.00 to C$24.00 in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$21.00.

Softchoice Price Performance

The company has a market cap of C$994.04 million, a P/E ratio of 26.03 and a beta of -0.10. Softchoice has a 12 month low of C$13.57 and a 12 month high of C$20.42. The business’s fifty day moving average price is C$16.17 and its two-hundred day moving average price is C$16.62.

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; network and security support solutions.