Converge Technology Solutions (TSE:CTS) Price Target Lowered to C$7.00 at CIBC

Converge Technologies Remedies (TSE:CTS – Get Score) had its goal rate reduce by CIBC from C$11.00 to C$7.00 in a exploration note issued to buyers on Tuesday, BayStreet.CA experiences.

CTS has been the topic of numerous other studies. Echelon Wealth Companions reiterated a invest in rating and set a C$14.50 cost objective on shares of Converge Engineering Methods in a analysis report on Thursday, April 7th. Raymond James set a C$12.50 selling price objective on shares of Converge Know-how Alternatives and gave the stock an outperform score in a investigate report on Thursday, May perhaps 12th. Canaccord Genuity Group reduced their selling price objective on shares of Converge Technological innovation Methods from C$14.50 to C$12.00 in a investigate report on Thursday, Might 12th. TD Securities lowered their rate goal on shares of Converge Know-how Answers from C$12.00 to C$8.50 and established a maintain rating on the stock in a exploration report on Thursday, May perhaps 12th. Ultimately, Nationwide Bankshares set a C$14.00 cost objective on shares of Converge Technology Solutions and gave the stock an outperform ranking in a investigate report on Wednesday, April 27th. Two investigate analysts have rated the stock with a hold score and eight have assigned a purchase rating to the company’s stock. According to MarketBeat, the business at present has a consensus rating of Buy and a consensus target value of C$12.38.

TSE:CTS traded down C$.13 through midday buying and selling on Tuesday, hitting C$5.97. 410,110 shares of the inventory had been exchanged, in contrast to its ordinary quantity of 655,903. Converge Technologies Options has a just one year small of C$5.88 and a a person 12 months significant of C$13.09. The corporation has a sector capitalization of C$1.28 billion and a rate-to-earnings ratio of 124.38. The enterprise has a 50-day shifting regular price of C$7.05 and a two-hundred working day moving normal price of C$7.79. The enterprise has a latest ratio of 1.14, a speedy ratio of .89 and a financial debt-to-fairness ratio of 28.01.

Converge Know-how Answers (TSE:CTS – Get Ranking) previous posted its quarterly earnings results on Tuesday, May well 10th. The company reported C$.10 earnings per share (EPS) for the quarter, topping the consensus estimate of C$.06 by C$.04. The business enterprise had income of C$550.04 million throughout the quarter, when compared to analyst estimates of C$497.63 million. Market-side analysts forecast that Converge Engineering Methods will article .6064446 EPS for the current fiscal 12 months.

About Converge Technology Alternatives (Get Ranking)

Converge Technologies Answers Corp., as a result of its subsidiaries, distributes storage equipment and units, laptop or computer products and solutions, program, and peripherals. The firm also offers installation and upkeep analytics, hybrid cloud, infrastructure, and cybersecurity products and services cloud supply, compute efficiency, community optimization, and IT invest optimization answers and IT expert services, these as information centre infrastructure integration and solutioning, and cloud optimization.

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