November 30, 2022

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

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Converge Technology Alternatives (TSE:CTSGet Rating) experienced its concentrate on selling price minimize by CIBC from C$11.00 to C$7.00 in a exploration be aware issued to traders on Tuesday, BayStreet.CA reviews.

CTS has been the matter of numerous other reviews. Echelon Prosperity Associates reiterated a buy rating and set a C$14.50 cost goal on shares of Converge Technologies Remedies in a study report on Thursday, April 7th. Raymond James set a C$12.50 price tag objective on shares of Converge Know-how Options and gave the inventory an outperform ranking in a investigation report on Thursday, Could 12th. Canaccord Genuity Team decreased their rate aim on shares of Converge Technologies Solutions from C$14.50 to C$12.00 in a exploration report on Thursday, May possibly 12th. TD Securities lowered their value goal on shares of Converge Technology Answers from C$12.00 to C$8.50 and established a maintain ranking on the inventory in a research report on Thursday, Might 12th. Finally, Countrywide Bankshares established a C$14.00 value aim on shares of Converge Engineering Solutions and gave the stock an outperform score in a study report on Wednesday, April 27th. Two research analysts have rated the stock with a maintain ranking and eight have assigned a obtain score to the company’s inventory. In accordance to MarketBeat, the organization at this time has a consensus rating of Acquire and a consensus target value of C$12.38.

TSE:CTS traded down C$.13 in the course of midday buying and selling on Tuesday, hitting C$5.97. 410,110 shares of the inventory have been exchanged, in comparison to its average quantity of 655,903. Converge Technology Answers has a just one year low of C$5.88 and a a person yr significant of C$13.09. The corporation has a current market capitalization of C$1.28 billion and a value-to-earnings ratio of 124.38. The business has a 50-day relocating typical rate of C$7.05 and a two-hundred day shifting common cost of C$7.79. The company has a present ratio of 1.14, a speedy ratio of .89 and a personal debt-to-fairness ratio of 28.01.

Converge Technological know-how Solutions (TSE:CTSGet Rating) final posted its quarterly earnings benefits on Tuesday, May well 10th. The organization described C$.10 earnings per share (EPS) for the quarter, topping the consensus estimate of C$.06 by C$.04. The business enterprise experienced revenue of C$550.04 million for the duration of the quarter, in contrast to analyst estimates of C$497.63 million. Sell-side analysts forecast that Converge Technology Options will put up .6064446 EPS for the present fiscal yr.

About Converge Technologies Methods (Get Ranking)

Converge Technologies Solutions Corp., as a result of its subsidiaries, distributes storage products and devices, laptop merchandise, computer software, and peripherals. The corporation also delivers installation and routine maintenance analytics, hybrid cloud, infrastructure, and cybersecurity services cloud shipping and delivery, compute effectiveness, community optimization, and IT invest optimization remedies and IT skilled providers, these types of as details center infrastructure integration and solutioning, and cloud optimization.

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Analyst Recommendations for Converge Technology Solutions (TSE:CTS)

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