Converge Technology Solutions Corp. (CTS.V) (CVE:CTS) Price Target Increased to C$14.00 by Analysts at Scotiabank

Converge Technology Solutions Corp. (CTS.V) (CVE:CTS) had its price target boosted by Scotiabank from C$13.00 to C$14.00 in a research note released on Tuesday morning, BayStreet.CA reports.

CTS has been the topic of several other reports. TD Securities set a C$13.00 target price on shares of Converge Technology Solutions Corp. (CTS.V) and gave the company a hold rating in a research report on Thursday, December 16th. Cormark decreased their target price on shares of Converge Technology Solutions Corp. (CTS.V) from C$14.00 to C$12.75 in a research report on Friday, November 12th. Berenberg Bank set a C$18.25 price target on shares of Converge Technology Solutions Corp. (CTS.V) and gave the company a buy rating in a report on Monday, November 15th. Laurentian cut their price target on shares of Converge Technology Solutions Corp. (CTS.V) from C$13.75 to C$12.50 in a report on Friday, November 12th. Finally, CIBC set a C$12.50 price target on shares of Converge Technology Solutions Corp. (CTS.V) and gave the company a neutral rating in a report on Monday, December 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of C$13.03.

CVE CTS opened at C$6.45 on Tuesday. The company has a debt-to-equity ratio of 272.49, a current ratio of 0.73 and a quick ratio of 0.62. The firm has a market capitalization of C$1.00 billion and a price-to-earnings ratio of -165.38. The company’s fifty day moving average is C$6.45 and its two-hundred day moving average is C$6.45. Converge Technology Solutions Corp. has a 52-week low of C$0.75 and a 52-week high of C$6.80.

Converge Technology Solutions Corp. (CTS.V) Company Profile

Converge Technology Solutions Corp., through its subsidiaries, distributes storage devices and systems, computer products, software, and peripherals. The company also provides analytics, hybrid cloud, infrastructure, and cybersecurity services; cloud delivery, compute efficiency, network optimization, and IT spend optimization solutions; and IT professional services, such as data center infrastructure integration, cloud optimization, and data center infrastructure.

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Analyst Recommendations for Converge Technology Solutions Corp. (CTS.V) (CVE:CTS)

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