Converge Technology Solutions (TSE:CTS - Free Report) had its price target upped by Scotiabank from C$5.50 to C$6.00 in a research report released on Wednesday,BayStreet.CA reports.
A number of other research analysts also recently weighed in on the company. CIBC upped their price target on Converge Technology Solutions from C$4.00 to C$5.50 in a research note on Monday, February 10th. Stifel Canada upgraded Converge Technology Solutions to a "strong-buy" rating in a report on Wednesday, January 15th. Ventum Financial lowered shares of Converge Technology Solutions from a "buy" rating to a "tender" rating and decreased their price target for the company from C$6.00 to C$5.50 in a research note on Monday, February 10th. Stifel Nicolaus set a C$4.00 price objective on shares of Converge Technology Solutions and gave the company a "hold" rating in a research note on Thursday, January 16th. Finally, Jefferies Financial Group decreased their target price on shares of Converge Technology Solutions from C$145.00 to C$140.00 and set a "hold" rating for the company in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a strong buy rating to the stock. According to MarketBeat, Converge Technology Solutions presently has an average rating of "Hold" and a consensus price target of C$16.63.
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Converge Technology Solutions Stock Down 0.2 %
TSE:CTS traded down C$0.01 during trading hours on Wednesday, reaching C$5.95. The company had a trading volume of 4,758,586 shares, compared to its average volume of 1,608,180. The business's 50-day simple moving average is C$5.12 and its two-hundred day simple moving average is C$4.19. Converge Technology Solutions has a twelve month low of C$2.90 and a twelve month high of C$6.06. The firm has a market cap of C$1.12 billion, a price-to-earnings ratio of -7.14, a P/E/G ratio of 0.14 and a beta of 1.81. The company has a quick ratio of 0.68, a current ratio of 0.96 and a debt-to-equity ratio of 85.78.
Converge Technology Solutions Company Profile
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Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face.
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