Converge Technology Solutions (TSE:CTS) Price Target Cut to C$11.00

ByPhyllis R. Edwards

Aug 8, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,


Converge Technological know-how Options (TSE:CTSGet Rating) experienced its selling price focus on decreased by Scotiabank from C$14.00 to C$11.00 in a analysis note issued to buyers on Monday morning, BayStreet.CA reviews.

A amount of other study analysts also lately weighed in on the enterprise. Raymond James set a C$12.50 rate concentrate on on Converge Know-how Solutions and gave the enterprise an outperform score in a investigate be aware on Thursday, May well 12th. Cormark dropped their cost focus on on Converge Technological know-how Methods from C$11.50 to C$10.00 and established a na rating for the corporation in a report on Monday, June 27th. TD Securities dropped their rate focus on on Converge Technologies Methods from C$12.00 to C$8.50 and established a keep rating for the company in a report on Thursday, May 12th. Nationwide Financial institution Financial reaffirmed an outperfrom below pounds rating on shares of Converge Technological know-how Solutions in a report on Tuesday, April 26th. Last but not least, Canaccord Genuity Group dropped their price tag aim on Converge Technological know-how Methods from C$14.50 to C$12.00 in a report on Thursday, Might 12th. Two investigate analysts have rated the inventory with a hold rating and 7 have presented a acquire ranking to the company’s stock. According to data from MarketBeat, the stock has an regular rating of Reasonable Acquire and an normal target value of C$11.60.

Converge Technological innovation Solutions Selling price Overall performance

Converge Know-how Solutions inventory opened at C$5.39 on Monday. The business’s 50-working day simple relocating ordinary is C$5.42 and its 200 day very simple relocating typical is C$6.68. The stock has a industry cap of C$1.16 billion and a selling price-to-earnings ratio of 107.80. Converge Engineering Remedies has a 12-month lower of C$4.85 and a 12-month significant of C$13.09. The organization has a swift ratio of .89, a present ratio of 1.14 and a personal debt-to-equity ratio of 28.01.

Converge Technological innovation Options (TSE:CTSGet Score) previous released its quarterly earnings success on Tuesday, Could 10th. The corporation claimed C$.10 EPS for the quarter, topping analysts’ consensus estimates of C$.06 by C$.04. The business enterprise experienced income of C$550.04 million for the quarter, as opposed to analyst estimates of C$497.63 million. As a group, investigate analysts anticipate that Converge Technology Remedies will post .64 earnings for every share for the present-day year.

Converge Technological know-how Methods Firm Profile

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Converge Know-how Options Corp., as a result of its subsidiaries, distributes storage gadgets and systems, computer system goods, program, and peripherals. The corporation also supplies installation and upkeep analytics, hybrid cloud, infrastructure, and cybersecurity solutions cloud supply, compute efficiency, network optimization, and IT commit optimization options and IT skilled providers, this sort of as info center infrastructure integration and solutioning, and cloud optimization.

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Analyst Recommendations for Converge Technology Solutions (TSE:CTS)

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