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BMO Capital Markets Cuts Converged Technology Solutions (TSE: CTS) to C$8.00

Converge Expertise Options (TSE: CTSGet the rating) Funding analysts at BMO Capital Markets lower their goal worth from C$9.00 to C$8.00 in a word issued to buyers on Friday, BayStreet.CA stories. BMO Capital Markets’ worth goal signifies a possible rise of 69.85% from the corporate’s present worth.

Quite a lot of different brokerages have additionally issued stories on CTS. TD Securities upgraded shares of Converge Expertise Options from a “maintain” ranking to a “purchase” ranking and lowered their worth goal for the inventory from C$8.50 to C$6.50 in a analysis report on Thursday. Eight Capital lowered its goal worth for Converge Expertise Options shares from C$11.00 to C$10.00 in a analysis report on Thursday. Canaccord Genuity Group lowered its worth goal for Converge Expertise Options shares from C$12.00 to C$10.50 in a analysis report on Thursday. CIBC lower its worth goal for Converge Expertise Options shares from C$8.00 to C$7.00 and assigned a “impartial” ranking to the inventory in a analysis report launched on Thursday. Lastly, Raymond James lowered his worth goal for Converge Expertise Options shares from C$9.50 to C$8.50 in a analysis report on Friday, October 28. One analyst has rated the inventory with a maintain ranking whereas eight analysts have given a purchase ranking to the corporate. In response to MarketBeat, the corporate has a median ranking of “Average Purchase” and a median goal worth of CAD 10.34.

Converge Expertise Options inventory efficiency

Converge Technology Solutions Stock The value elevated by 0.61 Canadian {dollars} throughout the buying and selling hours on Friday, to achieve 4.71 Canadian {dollars}. The corporate’s buying and selling quantity was 1,542,315 shares, in comparison with a median buying and selling quantity of 772,418. The corporate has a market capitalization of C$990.59 million and a PE ratio of 58.75. The corporate has a debt-to-equity ratio of 58.11, a buying and selling ratio of 0.84 and a fast ratio of 0.68. Converge Expertise Options recorded a one-year low of CAD 3.95 and a one-year excessive of CAD 12.65. The corporate has a 50-day transferring common of CAD 6.05 and a 200-day transferring common of CAD 6.18.

Converge Expertise Options (TSE: CTSGet the rating) final launched its quarterly earnings outcomes on Tuesday, August ninth. The corporate reported earnings of C$0.13 per share for the quarter, topping the consensus estimate of C$0.07 by C$0.06. The corporate generated C$596.66 million in income for the quarter, in comparison with the consensus estimate of C$570.63 million. On common, sell-side analysts anticipate Converge Expertise Options to publish 0.6642,398 earnings per share for the present 12 months.

About Converge Expertise Options

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Converge Expertise Options Corp. Software program-enabled IT and cloud options for companies and authorities organizations in america and Canada. Its options method offers superior analytics, utility modernization, cloud, cyber safety, digital infrastructure, and digital office choices to shoppers in varied industries.

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Analyst Recommendations for Converge Technology Solutions (TSE: CTS)

This immediate information alert was created by narrative science know-how and MarketBeat monetary information to offer readers with the quickest and most correct reporting. This story was reviewed by the Editorial Staff at MarketBeat previous to publication. Please ship any questions or feedback about this story to [email protected]

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