Converge Technology Solutions (TSE:CTS - Get Free Report) had its price target upped by equities researchers at Ventum Financial from C$5.20 to C$6.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Ventum Financial's price objective would indicate a potential upside of 61.73% from the company's current price.
Several other equities analysts have also recently weighed in on the company. TD Securities dropped their price objective on Converge Technology Solutions from C$5.00 to C$4.50 in a report on Wednesday, November 13th. CIBC dropped their price target on Converge Technology Solutions from C$5.00 to C$4.00 in a research note on Friday, October 25th. Raymond James reduced their price objective on shares of Converge Technology Solutions from C$6.50 to C$4.50 in a research note on Friday, October 25th. Canaccord Genuity Group decreased their target price on shares of Converge Technology Solutions from C$6.25 to C$6.00 in a report on Friday, October 25th. Finally, National Bank Financial downgraded shares of Converge Technology Solutions from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$5.93.
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Converge Technology Solutions Stock Performance
TSE CTS traded up C$0.31 during trading on Friday, reaching C$3.71. The company's stock had a trading volume of 695,708 shares, compared to its average volume of 539,192. The firm has a 50 day moving average price of C$3.31 and a 200 day moving average price of C$4.01. Converge Technology Solutions has a 12 month low of C$2.90 and a 12 month high of C$6.06. The firm has a market capitalization of C$724.19 million, a price-to-earnings ratio of -4.64, a price-to-earnings-growth ratio of 0.14 and a beta of 1.81. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 99.08.
Converge Technology Solutions Company Profile
(
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Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions in the United States and Canada. Its solutions approach delivers advanced analytics, artificial intelligence, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries.
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