Softchoice (TSE:SFTC) Downgraded by National Bankshares to Tender

Softchoice (TSE:SFTC) was downgraded by analysts at National Bankshares from an “outperform” rating to a “tender” rating in a note issued to investors on Thursday,BayStreet.CA reports. They currently have a C$24.50 price objective on the stock, up from their prior price objective of C$23.00. National Bankshares’ target price points to a potential upside of 1.16% from the company’s previous close.

Other analysts have also issued reports about the company. Cormark lifted their price target on Softchoice from C$24.00 to C$25.50 in a research note on Monday, November 11th. Scotiabank raised Softchoice from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$20.00 to C$24.00 in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Softchoice has an average rating of “Moderate Buy” and an average price target of C$23.67.

Softchoice Stock Performance

TSE SFTC traded down C$0.02 on Thursday, reaching C$24.22. 291,969 shares of the company’s stock traded hands, compared to its average volume of 25,387. The stock has a 50 day moving average price of C$22.25 and a 200-day moving average price of C$19.49. Softchoice has a fifty-two week low of C$15.06 and a fifty-two week high of C$24.45. The firm has a market cap of C$1.46 billion, a price-to-earnings 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.