March 29, 2023 11:38 pm

Converge Technologies Options Corp. (TSE:CTS – Get Rating) has received a consensus rating of “Invest in” from the fourteen analysts that are covering the firm, Marketbeat reports. Six equities analysis analysts have rated the stock with a get recommendation. The typical 12-month target price tag amongst brokerages that have issued ratings on the stock in the final year is C$eight.48.

A quantity of brokerages not too long ago commented on CTS. Raymond James decreased their price tag target on Converge Technologies Options from C$eight.50 to C$7.00 and set an “outperform” rating for the organization in a report on Wednesday, February 15th. Berenberg Bank decreased their price tag target on Converge Technologies Options from C$14.00 to C$9.50 in a report on Friday, December 2nd. CIBC decreased their price tag target on Converge Technologies Options from C$7.00 to C$five.25 in a report on Monday, December 12th. BMO Capital Markets decreased their price tag target on Converge Technologies Options from C$eight.00 to C$7.50 in a report on Wednesday, February 15th. Ultimately, Cormark decreased their price tag target on Converge Technologies Options from C$9.00 to C$eight.00 in a report on Wednesday, February 15th.

Converge Technologies Options Price tag Functionality

Shares of TSE CTS opened at C$four.07 on Friday. Converge Technologies Options has a 1-year low of C$three.60 and a 1-year higher of C$11.04. The business enterprise has a 50-day moving typical of C$five.09 and a 200-day moving typical of C$four.77. The organization has a debt-to-equity ratio of 63.41, a present ratio of .84 and a fast ratio of .68. The organization has a market place capitalization of C$856.00 million, a price tag-to-earnings ratio of 25.44, a PEG ratio of .14 and a beta of 1.99.

Insider Purchasing and Promoting at Converge Technologies Options

In other news, Senior Officer Greg Berard acquired 9,308 shares of the business’s stock in a transaction on Friday, December 30th. The shares had been bought at an typical price tag of C$four.60 per share, for a total transaction of C$42,816.80. Following the completion of the buy, the insider now straight owns 148,776 shares of the company’s stock, valued at roughly C$684,369.60. four.88% of the stock is at the moment owned by insiders.

About Converge Technologies Options

(Get Rating)

Converge Technologies Options Corp. gives software program-enabled IT and cloud options for corporate and government institutions in the United States and Canada. Its options method delivers sophisticated analytics, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to customers across different industries.

See Also

Analyst Recommendations for Converge Technology Solutions (TSE:CTS)

This immediate news alert was generated by narrative science technologies and economic information from MarketBeat in order to supply readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group prior to publication. Please send any inquiries or comments about this story to make contact

Ahead of you think about Converge Technologies Options, you are going to want to hear this.

MarketBeat keeps track of Wall Street’s top rated-rated and greatest performing analysis analysts and the stocks they propose to their customers on a each day basis. MarketBeat has identified the 5 stocks that top rated analysts are quietly whispering to their customers to get now prior to the broader market place catches on… and Converge Technologies Options wasn’t on the list.

Though Converge Technologies Options at the moment has a “Moderate Invest in” rating amongst analysts, top rated-rated analysts think these 5 stocks are far better buys.

View The 5 Stocks Right here

20 Stocks to Sell Now

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These organizations may well seem to have very good fundamentals, but top rated analysts smell anything seriously rotten. Are any of these organizations lurking about your portfolio? Obtain out by getting into your e-mail address beneath.

Get This Absolutely free Report20 Stocks to Sell Now Cover

Leave a Reply