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PT to Converge Technology Solutions (TSE:CTS) ratio reduced to CAD 8.50

Converge Know-how Options (TSE: CTSGet the rating) The worth goal was lowered by Raymond James funding analysts from CAD 9.50 to CAD 8.50 in a analysis report launched to shoppers and traders on Friday, BayStreet.CA stories. Raymond James’ worth goal signifies a possible upside of 46.05% from the corporate’s present worth.

A number of different brokerages have additionally commented on CTS. Eight Capital reduce its goal worth on Converge Know-how Options from C$14.50 to C$11.00 and assigned a “purchase” ranking to the inventory in a analysis be aware on Thursday, August 4th. Nationwide Bankshares lowered its worth goal on Converge Know-how Options from C$14.00 to C$12.00 and assigned an “excellent” ranking to the inventory in a analysis be aware on Thursday, July twenty first. CIBC raised its goal worth on Converge Know-how Options from C$7.00 to C$8.00 and gave the corporate a “impartial” ranking in a analysis be aware on Thursday, August eleventh. Lastly, Scotiabank lowered its worth goal on Converge Know-how Options from C$12.00 to C$11.00 in a analysis be aware on Friday. Two funding analysts have rated the inventory with a maintain ranking and 7 have assigned a purchase ranking to the corporate. Based on MarketBeat.com, Converge Know-how Options has a consensus ranking of “Average Purchase” and a goal worth of CAD 11.33.

Buying and selling Convergent Tech Options down 2.7%

CTS It traded down C$0.16 throughout Friday’s buying and selling, to C$5.82. The corporate’s buying and selling quantity was 657,535 shares, in comparison with a mean buying and selling quantity of 728,531. Converge Know-how Options recorded a 52-week low of C$4.85 and a 52-week excessive of C$12.65. The inventory has a market capitalization of C$1.25 billion and a price-earnings ratio of 64.78. The corporate has a 50-day easy transferring common of CAD 6.63 and a 200-day easy transferring common of CAD 6.27. The corporate has a fast ratio of 0.84, a buying and selling ratio of 0.99 and a debt-to-equity ratio of 32.83.

Converge Know-how Options (TSE: CTSGet the rating) final launched its 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 income of C$596.66 million for the quarter, in comparison with the consensus estimate of C$570.63 million. On common, inventory analysts count on Converge Know-how Options to submit 0.7249742 EPS for the present fiscal 12 months.

About Converge Know-how Options

(Get the rating)

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

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Analyst Recommendations for Converge Technology Solutions (TSE: CTS)

This on the spot information alert was created by narrative science expertise and MarketBeat monetary information to supply readers with the quickest and most correct reporting. This story was reviewed by the Editorial Group at MarketBeat previous to publication. Please ship any questions or feedback about this story to [email protected]

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