Softchoice (TSE:SFTC) Shares Up 0.2%

Softchoice Co. (TSE:SFTCGet Free Report)’s stock price shot up 0.2% during mid-day trading on Friday . The company traded as high as C$18.12 and last traded at C$18.09. 53,661 shares were traded during mid-day trading, an increase of 31% from the average session volume of 40,976 shares. The stock had previously closed at C$18.05.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SFTC. CIBC lifted their price objective on Softchoice from C$17.50 to C$19.50 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Cormark reduced their price objective on Softchoice from C$26.00 to C$21.50 in a research note on Thursday, May 9th. ATB Capital cut their target price 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. Finally, National Bankshares cut their target price on Softchoice from C$25.00 to C$24.00 in a research report on Thursday, May 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Softchoice presently has an average rating of “Hold” and an average target price of C$21.83.

Check Out Our Latest Analysis on Softchoice

Softchoice Stock Performance

The stock has a fifty day moving average of C$17.99 and a 200-day moving average of C$17.34. The company has a market cap of C$1.09 billion, a PE ratio of 19.66 and a beta of -0.16.

About Softchoice

(Get Free Report)

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.

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