Softchoice (TSE:SFTC) Raised to “Outperform” at ATB Capital

ATB Capital upgraded shares of Softchoice (TSE:SFTC) from a sector perform rating to an outperform rating in a research report report published on Monday morning, BayStreet.CA reports. The firm currently has C$23.00 price objective on the stock, up from their prior price objective of C$18.50.

A number of other equities research analysts have also recently commented on the stock. Cormark reduced their target price on shares of Softchoice from C$26.00 to C$21.50 in a research report on Thursday, May 9th. Royal Bank of Canada raised their price objective on shares of Softchoice from C$19.00 to C$20.00 and gave the stock a sector perform rating in a research report on Monday. Finally, National Bankshares cut their price objective on shares of Softchoice from C$25.00 to C$24.00 in a research report on Thursday, May 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$22.00.

Softchoice Stock Up 0.1 %

Shares of TSE SFTC opened at C$18.02 on Monday. The firm has a 50-day simple moving average of C$17.61 and a 200-day simple moving average of C$17.69. The stock has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 19.59 and a beta of -0.16. Softchoice has a 52 week low of C$14.40 and a 52 week high of C$22.46.

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.