Softchoice (TSE:SFTC) Shares Down 2.3%

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. National Bankshares raised their price objective on shares of Softchoice from C$23.00 to C$25.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Cormark boosted their price objective on shares of Softchoice from C$23.00 to C$26.00 in a research report on Wednesday, March 6th. ATB Capital cut their target price on shares of Softchoice from C$21.00 to C$20.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 6th. Finally, CIBC lifted their target price on shares of Softchoice from C$17.50 to C$19.50 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$22.75.

Softchoice Price Performance

The firm’s 50 day moving average is C$18.64 and its 200 day moving average is C$17.05. The firm has a market cap of C$1.03 billion, a P/E ratio of 16.25 and a beta of -0.18.

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.