Coveo Solutions Inc. (TSE:CVO) Receives Consensus Recommendation of "Buy" from Analysts

Coveo Solutions Inc. (TSE:CVO - Get Free Report) has received a consensus rating of "Buy" from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$11.06.

Separately, Stifel Nicolaus upped their price objective on Coveo Solutions from C$10.00 to C$11.00 in a research note on Wednesday.

Coveo Solutions Stock Up 0.3 %

CVO stock traded up C$0.02 during trading on Wednesday, hitting C$7.52. 173,586 shares of the company's stock traded hands, compared to its average volume of 146,967. The firm has a market capitalization of C$505.29 million, a P/E ratio of -46.39, a PEG ratio of 0.09 and a beta of 0.75. Coveo Solutions has a 1 year low of C$5.07 and a 1 year high of C$11.80. The company has a quick ratio of 3.14, a current ratio of 1.85 and a debt-to-equity ratio of 5.36. The business has a fifty day simple moving average of C$6.50 and a two-hundred day simple moving average of C$6.33.

About Coveo Solutions

Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.