August 12, 2022


Software Development

Converge Technology Solutions (TSE:CTS) Price Target Lowered to C$7.00 at CIBC


Converge Technologies Answers (TSE:CTSGet Score) had its focus on value reduce by CIBC from C$11.00 to C$7.00 in a research notice issued to traders on Tuesday, BayStreet.CA stories.

CTS has been the subject of a number of other experiences. Echelon Prosperity Associates reiterated a purchase ranking and set a C$14.50 rate goal on shares of Converge Technologies Remedies in a exploration report on Thursday, April 7th. Raymond James established a C$12.50 rate objective on shares of Converge Technological know-how Methods and gave the inventory an outperform score in a research report on Thursday, May possibly 12th. Canaccord Genuity Group lowered their value goal on shares of Converge Technological know-how Methods from C$14.50 to C$12.00 in a analysis report on Thursday, May well 12th. TD Securities decreased their rate objective on shares of Converge Technology Methods from C$12.00 to C$8.50 and set a keep ranking on the stock in a investigate report on Thursday, May 12th. Ultimately, Countrywide Bankshares set a C$14.00 selling price objective on shares of Converge Technologies Methods and gave the stock an outperform score in a investigation report on Wednesday, April 27th. Two analysis analysts have rated the stock with a keep ranking and eight have assigned a invest in rating to the company’s stock. According to MarketBeat, the corporation at this time has a consensus rating of Get and a consensus goal price of C$12.38.

TSE:CTS traded down C$.13 throughout midday investing on Tuesday, hitting C$5.97. 410,110 shares of the inventory were exchanged, compared to its ordinary volume of 655,903. Converge Technological innovation Alternatives has a just one year lower of C$5.88 and a one particular 12 months substantial of C$13.09. The company has a marketplace capitalization of C$1.28 billion and a rate-to-earnings ratio of 124.38. The company has a 50-day going regular price tag of C$7.05 and a two-hundred working day shifting typical price tag of C$7.79. The business has a latest ratio of 1.14, a quick ratio of .89 and a credit card debt-to-equity ratio of 28.01.

Converge Know-how Solutions (TSE:CTSGet Score) last posted its quarterly earnings final results on Tuesday, May perhaps 10th. The business claimed C$.10 earnings for each share (EPS) for the quarter, topping the consensus estimate of C$.06 by C$.04. The company experienced earnings of C$550.04 million through the quarter, as opposed to analyst estimates of C$497.63 million. Sell-side analysts forecast that Converge Technology Options will submit .6064446 EPS for the present-day fiscal yr.

About Converge Know-how Options (Get Rating)

Converge Technology Remedies Corp., via its subsidiaries, distributes storage products and techniques, pc items, application, and peripherals. The corporation also gives installation and routine maintenance analytics, hybrid cloud, infrastructure, and cybersecurity solutions cloud shipping, compute performance, network optimization, and IT spend optimization methods and IT specialist companies, such as facts centre infrastructure integration and solutioning, and cloud optimization.

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