Coveo Solutions Inc. (TSE:CVO) Given Consensus Rating of “Buy” by Brokerages

Coveo Solutions Inc. (TSE:CVO) has received an average rating of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is C$10.94.

Several equities research analysts have issued reports on CVO shares. Royal Bank of Canada lowered their price target on shares of Coveo Solutions from C$13.00 to C$11.00 in a report on Thursday, August 8th. TD Securities lowered their price target on shares of Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. BMO Capital Markets lowered their price target on shares of Coveo Solutions from C$10.50 to C$10.00 in a report on Thursday, August 8th. Finally, Stifel Nicolaus lowered their price target on shares of Coveo Solutions from C$12.00 to C$10.00 in a report on Thursday, August 8th.

Coveo Solutions Price Performance

TSE:CVO opened at C$7.30 on Thursday. The stock has a market cap of C$392.96 million, a P/E ratio of -24.33, a PEG ratio of 0.09 and a beta of 0.75. Coveo Solutions has a one year low of C$5.07 and a one year high of C$12.48. The company has a fifty day moving average price of C$5.96 and a 200 day moving average price of C$6.84. The company has a debt-to-equity ratio of 6.05, a current ratio of 1.71 and a quick ratio of 3.14.

Coveo Solutions Company Profile

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.