Coveo Solutions (TSE:CVO) Price Target Lowered to C$11.00 at Canaccord Genuity Group

Coveo Solutions (TSE:CVO) had its price target decreased by investment analysts at Canaccord Genuity Group from C$13.00 to C$11.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 85.19% from the stock’s current price.

Several other equities analysts also recently issued reports on CVO. TD Securities lifted their price objective on Coveo Solutions from C$10.00 to C$12.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Stifel Nicolaus cut their price objective on Coveo Solutions from C$15.00 to C$13.00 in a research report on Friday. Finally, Royal Bank Of Canada lifted their price objective on Coveo Solutions from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$11.10.

Coveo Solutions Price Performance

Shares of Coveo Solutions stock traded down C$0.06 during midday trading on Monday, hitting C$5.94. 639,965 shares of the company were exchanged, compared to its average volume of 151,713. The firm has a 50 day simple moving average of C$8.53 and a 200-day simple moving average of C$7.87. The company has a debt-to-equity ratio of 5.36, a current ratio of 1.85 and a quick ratio of 3.14. Coveo Solutions has a 52 week low of C$4.92 and a 52 week high of C$9.53. The firm has a market cap of C$569.55 million, a P/E ratio of -24.75, a PEG ratio of 0.09 and a beta of 0.71.

Coveo Solutions Company Profile

Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company’s solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.