Coveo Solutions (TSE:CVO) Given New C$10.00 Price Target at Royal Bank of Canada

Coveo Solutions (TSE:CVO - Get Free Report) had its target price cut by Royal Bank of Canada from C$11.00 to C$10.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank of Canada's price objective would indicate a potential upside of 66.39% from the stock's current price.

Separately, Stifel Nicolaus raised their target price on Coveo Solutions from C$10.00 to C$11.00 in a report on Wednesday, February 12th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$10.94.

Coveo Solutions Stock Down 1.3 %

Shares of CVO traded down C$0.08 during mid-day trading on Tuesday, hitting C$6.01. 12,687 shares of the company's stock were exchanged, compared to its average volume of 129,928. The stock has a market cap of C$403.83 million, a price-to-earnings ratio of -37.07, a P/E/G ratio of 0.09 and a beta of 0.75. The firm has a fifty day moving average of C$5.79 and a two-hundred day moving average of C$6.22. The company has a quick ratio of 3.14, a current ratio of 1.85 and a debt-to-equity ratio of 5.36. Coveo Solutions has a twelve month low of C$4.92 and a twelve month high of C$9.12.

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.