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 acquire recommendation. The typical 12-month target price tag amongst brokerages that have issued ratings on the stock in the final year is C$eight.48.
A quantity of brokerages lately commented on CTS. Raymond James decreased their price tag target on Converge Technologies Options from C$eight.50 to C$7.00 and set an “outperform” rating for the firm 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. Lastly, 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 Cost Overall performance
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$11.04. The enterprise has a 50-day moving typical of C$five.09 and a 200-day moving typical of C$four.77. The firm has a debt-to-equity ratio of 63.41, a existing ratio of .84 and a rapid ratio of .68. The firm has a marketplace capitalization of C$856.00 million, a price tag-to-earnings ratio of 25.44, a PEG ratio of .14 and a beta of 1.99.
Insider Getting and Promoting at Converge Technologies Options
In other news, Senior Officer Greg Berard acquired 9,308 shares of the business’s stock in a transaction on Friday, December 30th. The shares have been bought at an typical price tag of C$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 around C$684,369.60. four.88% of the stock is at present owned by insiders.
About Converge Technologies Options
Converge Technologies Options Corp. offers application-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 clientele across many industries.
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