Converge Technology Solutions (TSE:CTS) PT Lowered to C$7.00 at Scotiabank

Converge Technology Solutions (TSE:CTSGet Rating) had its target price decreased by Scotiabank from C$8.00 to C$7.00 in a research note released on Thursday morning, BayStreet.CA reports.

A number of other research analysts also recently weighed in on CTS. Raymond James decreased their price target on Converge Technology Solutions from C$8.50 to C$7.00 and set an outperform rating for the company in a research note on Wednesday, February 15th. National Bankshares dropped their price objective on Converge Technology Solutions from C$10.00 to C$8.00 and set an outperform rating for the company in a research report on Thursday, February 16th. CIBC dropped their price objective on Converge Technology Solutions from C$7.00 to C$5.25 in a research report on Monday, December 12th. Berenberg Bank dropped their target price on Converge Technology Solutions from C$14.00 to C$9.50 in a research report on Friday, December 2nd. Finally, BMO Capital Markets decreased their price target on Converge Technology Solutions from C$8.00 to C$7.50 in a research note on Wednesday, February 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Converge Technology Solutions currently has an average rating of Moderate Buy and an average target price of C$8.48.

Converge Technology Solutions Stock Down 1.0 %

CTS stock opened at C$4.07 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.84 and a debt-to-equity ratio of 63.41. The business has a 50 day moving average price of C$5.09 and a two-hundred day moving average price of C$4.77. The company has a market cap of C$856.00 million, a price-to-earnings ratio of 25.44, a P/E/G ratio of 0.14 and a beta of 1.99. Converge Technology Solutions has a twelve month low of C$3.60 and a twelve month high of C$11.04.

Insider Buying and Selling at Converge Technology Solutions

In other news, Senior Officer Greg Berard bought 9,308 shares of Converge Technology Solutions stock in a transaction on Friday, December 30th. The shares were purchased at an average price of C$4.60 per share, for a total transaction of C$42,816.80. Following the acquisition, the insider now owns 148,776 shares of the company’s stock, valued at C$684,369.60. 4.88% of the stock is currently owned by corporate insiders.

Converge Technology Solutions Company Profile

(Get Rating)

Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions for corporate and government institutions in the United States and Canada. Its solutions approach delivers advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries.

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Analyst Recommendations for Converge Technology Solutions (TSE:CTS)

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