Softchoice (TSE:SFTC) Downgraded by ATB Capital to Tender

Softchoice (TSE:SFTC) was downgraded by equities researchers at ATB Capital from an “outperform” rating to a “tender” rating in a research note issued to investors on Thursday,BayStreet.CA reports. They presently have a C$24.50 price target on the stock, down from their prior price target of C$26.00. ATB Capital’s price target would indicate a potential upside of 1.16% from the company’s previous close.

SFTC has been the subject of several other research reports. Cormark downgraded shares of Softchoice from a “buy” rating to a “tender” rating and decreased their price objective for the stock from C$25.50 to C$24.50 in a research note on Thursday. Scotiabank upgraded Softchoice from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$20.00 to C$24.00 in a research note on Tuesday, November 12th. CIBC lowered Softchoice from a “neutral” rating to a “tender” rating and upped their price objective for the stock from C$23.00 to C$24.50 in a research report on Thursday. Finally, National Bankshares cut shares of Softchoice from an “outperform” rating to a “tender” rating and boosted their target price for the stock from C$23.00 to C$24.50 in a research note on Thursday. One analyst has rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Softchoice has an average rating of “Moderate Buy” and a consensus target price of C$23.67.

Softchoice Trading Down 0.1 %

Shares of TSE:SFTC traded down C$0.02 during mid-day trading on Thursday, reaching C$24.22. The stock had a trading volume of 291,969 shares, compared to its average volume of 25,387. The business’s 50 day moving average price is C$22.25 and its 200 day moving average price is C$19.49. Softchoice has a 1 year low of C$15.06 and a 1 year high of C$24.45. The company has a market cap of C$1.46 billion, a P/E ratio of 26.91 and a beta of -0.14.

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.