• Sat. Apr 1st, 2023

Converge Technologies Selections Corp. (TSE:CTS) Supplied Standard Rating of “Moderate Acquire” by Brokerages


Mar 18, 2023

Converge Technologies Selections Corp. (TSE:CTS – Get Rating) has received a consensus rating of “Acquire” from the fourteen analysts that are covering the firm, Marketbeat reports. Six equities evaluation analysts have rated the stock with a get recommendation. The common 12-month target expense 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 lowered their expense target on Converge Technologies Selections 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 lowered their expense target on Converge Technologies Selections from C$14.00 to C$9.50 in a report on Friday, December 2nd. CIBC lowered their expense target on Converge Technologies Selections from C$7.00 to C$5.25 in a report on Monday, December 12th. BMO Capital Markets lowered their expense target on Converge Technologies Selections from C$eight.00 to C$7.50 in a report on Wednesday, February 15th. Lastly, Cormark lowered their expense target on Converge Technologies Selections from C$9.00 to C$eight.00 in a report on Wednesday, February 15th.

Converge Technologies Selections Expense General overall performance

Shares of TSE CTS opened at C$4.07 on Friday. Converge Technologies Selections has a 1-year low of C$3.60 and a 1-year larger of C$11.04. The organization has a 50-day moving common of C$5.09 and a 200-day moving common of C$4.77. The organization has a debt-to-equity ratio of 63.41, a present ratio of .84 and a rapidly ratio of .68. The organization has a marketplace capitalization of C$856.00 million, a expense-to-earnings ratio of 25.44, a PEG ratio of .14 and a beta of 1.99.

Insider Acquiring and Advertising at Converge Technologies Selections

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 purchased at an common expense of C$4.60 per share, for a total transaction of C$42,816.80. Following the completion of the acquire, the insider now straight owns 148,776 shares of the company’s stock, valued at about C$684,369.60. 4.88% of the stock is at present owned by insiders.

About Converge Technologies Selections

(Get Rating)

Converge Technologies Selections Corp. gives computer software plan-enabled IT and cloud alternatives for corporate and government institutions in the United States and Canada. Its alternatives process delivers sophisticated analytics, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clientele across various industries.

See Also

Analyst Recommendations for Converge Technology Solutions (TSE:CTS)

This instant news alert was generated by narrative science technologies and financial information and facts from MarketBeat in order to present readers with the quickest and most precise reporting. This story was reviewed by MarketBeat’s editorial group prior to publication. Please send any inquiries or comments about this story to get in touch with@marketbeat.com.

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