Converge Technology Solutions Corp. (TSE:CTS) Receives Average Recommendation of “Buy” from Analysts

Shares of Converge Technological know-how Options Corp. (TSE:CTS – Get Score) have been assigned an ordinary advice of “Buy” from the thirteen analysts that are presently covering the corporation, MarketBeat stories. Just one equities investigation analyst has rated the inventory with a hold score and five have issued a get ranking on the business. The typical twelve-thirty day period goal price amid analysts that have issued rankings on the inventory in the final calendar year is C$12.20.

Quite a few equities analysis analysts not too long ago weighed in on the inventory. Canaccord Genuity Group dropped their selling price objective on shares of Converge Technological know-how Alternatives from C$14.50 to C$12.00 in a investigation take note on Thursday, Could 12th. Raymond James set a C$12.50 concentrate on cost on shares of Converge Technology Methods and gave the stock an “outperform” score in a exploration report on Thursday, Could 12th. CIBC lowered their price goal on shares of Converge Technology Solutions from C$11.00 to C$7.00 in a research report on Tuesday. TD Securities lowered their selling price target on shares of Converge Technologies Alternatives from C$12.00 to C$8.50 and set a “hold” ranking on the stock in a analysis report on Thursday, May perhaps 12th. Eventually, Echelon Wealth Associates reaffirmed a “buy” rating and established a C$14.50 rate objective on shares of Converge Technologies Methods in a report on Thursday, April 7th.

Shares of TSE CTS opened at C$6.06 on Thursday. Converge Engineering Answers has a 12-thirty day period lower of C$5.88 and a 12-month superior of C$13.09. The enterprise has a existing ratio of 1.14, a brief ratio of .89 and a credit card debt-to-equity ratio of 28.01. The inventory has a sector cap of C$1.30 billion and a P/E ratio of 126.25. The business’s fifty day basic transferring ordinary is C$6.97 and its 200-working day uncomplicated going regular is C$7.75.

Converge Know-how Alternatives (TSE:CTS – Get Ranking) final introduced its quarterly earnings details on Tuesday, May possibly 10th. The enterprise reported C$.10 earnings for every share for the quarter, beating analysts’ consensus estimates of C$.06 by C$.04. The company had earnings of C$550.04 million throughout the quarter, in comparison to analysts’ expectations of C$497.63 million. On ordinary, equities analysts forecast that Converge Technology Remedies will publish .6800001 EPS for the present-day fiscal year.

Converge Know-how Options Organization Profile (Get Ranking)

Converge Technological know-how Options Corp., by its subsidiaries, distributes storage equipment and devices, computer system solutions, program, and peripherals. The enterprise also supplies set up and servicing analytics, hybrid cloud, infrastructure, and cybersecurity services cloud delivery, compute effectiveness, community optimization, and IT shell out optimization solutions and IT professional products and services, these types of as data middle infrastructure integration and solutioning, and cloud optimization.

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