Softchoice (TSE:SFTC) Shares Down 2.3%

Softchoice Co. (TSE:SFTC)’s share price was down 2.3% on Thursday . The company traded as low as C$16.80 and last traded at C$17.04. Approximately 8,255 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 45,491 shares. The stock had previously closed at C$17.45.

Analyst Upgrades and Downgrades

SFTC has been the topic of several analyst reports. National Bankshares boosted their price target on shares of Softchoice from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. CIBC upped their target price on Softchoice from C$17.50 to C$19.50 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Cormark increased their price target on Softchoice from C$23.00 to C$26.00 in a research report on Wednesday, March 6th. Finally, ATB Capital lowered their price target on Softchoice from C$21.00 to C$20.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$22.75.

Softchoice Trading Down 2.3 %

The stock has a market capitalization of C$1.02 billion, a P/E ratio of 16.08 and a beta of -0.18. The business has a 50-day moving average price of C$18.65 and a two-hundred day moving average price of C$17.04.

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.