Softchoice (TSE:SFTC) Cut to “Tender” at National Bankshares

National Bankshares cut shares of Softchoice (TSE:SFTC) from an outperform rating to a tender rating in a report released on Thursday morning,BayStreet.CA reports. They currently have C$24.50 price objective on the stock, up from their prior price objective of C$23.00.

Other analysts have also issued reports about the stock. Cormark raised their price objective on shares of Softchoice from C$24.00 to C$25.50 in a report on Monday, November 11th. Scotiabank raised Softchoice from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$20.00 to C$24.00 in a research note on Tuesday, November 12th. Two analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Softchoice currently has a consensus rating of “Hold” and an average target price of C$23.92.

Softchoice Stock Performance

The stock has a 50 day moving average of C$22.37 and a 200-day moving average of C$19.58. The stock has a market cap of C$1.46 billion, a PE ratio of 26.96 and a beta of -0.14. Softchoice has a 12-month low of C$15.15 and a 12-month high of C$24.45.

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.