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

Converge Technology Methods (TSE:CTS – Get Ranking) experienced its goal price cut by CIBC from C$11.00 to C$7.00 in a exploration notice issued to traders on Tuesday, BayStreet.CA studies.

CTS has been the subject of a number of other experiences. Echelon Prosperity Companions reiterated a obtain rating and set a C$14.50 value goal on shares of Converge Technological innovation Solutions in a research report on Thursday, April 7th. Raymond James set a C$12.50 selling price aim on shares of Converge Know-how Options and gave the stock an outperform rating in a study report on Thursday, May perhaps 12th. Canaccord Genuity Group lowered their rate objective on shares of Converge Know-how Methods from C$14.50 to C$12.00 in a study report on Thursday, May well 12th. TD Securities decreased 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 study report on Thursday, May well 12th. Ultimately, National Bankshares established a C$14.00 rate objective on shares of Converge Engineering Remedies and gave the inventory an outperform ranking in a research report on Wednesday, April 27th. Two analysis analysts have rated the stock with a hold score and eight have assigned a buy score to the company’s stock. In accordance to MarketBeat, the enterprise at present has a consensus score of Acquire and a consensus goal value of C$12.38.

TSE:CTS traded down C$.13 for the duration of midday buying and selling on Tuesday, hitting C$5.97. 410,110 shares of the inventory have been exchanged, when compared to its typical quantity of 655,903. Converge Engineering Answers has a a single yr minimal of C$5.88 and a a person year superior of C$13.09. The organization has a marketplace capitalization of C$1.28 billion and a value-to-earnings ratio of 124.38. The business enterprise has a 50-working day transferring normal price tag of C$7.05 and a two-hundred day relocating normal value of C$7.79. The organization has a existing ratio of 1.14, a speedy ratio of .89 and a debt-to-equity ratio of 28.01.

Converge Technologies Methods (TSE:CTS – Get Score) previous posted its quarterly earnings effects on Tuesday, May perhaps 10th. The business reported C$.10 earnings per share (EPS) for the quarter, topping the consensus estimate of C$.06 by C$.04. The enterprise had income of C$550.04 million throughout the quarter, in contrast to analyst estimates of C$497.63 million. Sell-aspect analysts forecast that Converge Know-how Remedies will put up .6064446 EPS for the existing fiscal calendar year.

About Converge Engineering Remedies (Get Ranking)

Converge Technological innovation Solutions Corp., by its subsidiaries, distributes storage units and devices, pc goods, software, and peripherals. The business also provides installation and maintenance analytics, hybrid cloud, infrastructure, and cybersecurity products and services cloud supply, compute effectiveness, community optimization, and IT commit optimization alternatives and IT specialist services, this sort of as facts middle infrastructure integration and solutioning, and cloud optimization.

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