Softchoice (TSE:SFTC) Stock Price Down 0.9% – Here’s What Happened

Softchoice Co. (TSE:SFTC)’s share price was down 0.9% on Tuesday . The stock traded as low as C$20.87 and last traded at C$20.91. Approximately 5,187 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 28,544 shares. The stock had previously closed at C$21.10.

Analyst Ratings Changes

Several analysts recently weighed in on SFTC shares. Scotiabank boosted their price objective on shares of Softchoice from C$18.00 to C$20.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. Royal Bank of Canada upped their price target on shares of Softchoice from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Monday, August 12th. Finally, ATB Capital raised shares of Softchoice from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$18.50 to C$23.00 in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Softchoice presently has a consensus rating of “Moderate Buy” and an average price target of C$22.00.

Softchoice Stock Performance

The company has a market cap of C$1.29 billion, a price-to-earnings ratio of 23.03 and a beta of -0.14. The stock’s fifty day moving average is C$19.27 and its two-hundred day moving average is C$18.39.

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.