Softchoice Co. (TSE:SFTC) Receives Consensus Rating of “Hold” from Brokerages

Softchoice Co. (TSE:SFTC) has received an average recommendation of “Hold” from the two research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$24.58.

Separately, Royal Bank of Canada boosted their target price on Softchoice from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 11th.

Softchoice Stock Performance

The stock has a market cap of C$1.04 billion, a price-to-earnings ratio of 26.68 and a beta of -0.14. The business’s 50-day moving average is C$24.36 and its 200 day moving average is C$21.55. Softchoice has a one year low of C$16.09 and a one year high of C$24.57.

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, and IT procurement services; network and security support solutions.