Coveo Solutions Inc. (TSE:CVO) Receives Consensus Rating of “Buy” from Analysts

Coveo Solutions Inc. (TSE:CVO) has received an average recommendation of “Buy” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$11.06.

Separately, Stifel Nicolaus lifted their price target on shares of Coveo Solutions from C$10.00 to C$11.00 in a report on Wednesday.

Coveo Solutions Stock Performance

CVO stock traded up C$0.45 during trading hours on Wednesday, hitting C$8.11. 629,038 shares of the stock were exchanged, compared to its average volume of 129,982. The company has a 50-day simple moving average of C$6.43 and a two-hundred day simple moving average of C$6.30. The firm has a market capitalization of C$436.56 million, a P/E ratio of -27.03, a P/E/G ratio of 0.09 and a beta of 0.75. Coveo Solutions has a 12 month low of C$5.07 and a 12 month high of C$11.80. The company has a current ratio of 1.71, a quick ratio of 3.14 and a debt-to-equity ratio of 6.05.

About Coveo Solutions

Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.