• Thu. Mar 23rd, 2023

Converge Technologies Options Corp. (TSE:CTS) Offered Typical Rating of “Moderate Purchase” by Brokerages


Mar 18, 2023

Converge Technologies Options Corp. (TSE:CTS – Get Rating) has received a consensus rating of “Purchase” from the fourteen analysts that are covering the firm, Marketbeat reports. Six equities study 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 lowered their price tag target on Converge Technologies Options from C$eight.50 to C$7.00 and set an “outperform” rating for the business in a report on Wednesday, February 15th. Berenberg Bank lowered their price tag target on Converge Technologies Options from C$14.00 to C$9.50 in a report on Friday, December 2nd. CIBC lowered 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 lowered 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 lowered 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$11.04. The small business has a 50-day moving typical of C$five.09 and a 200-day moving typical of C$four.77. The business has a debt-to-equity ratio of 63.41, a existing ratio of .84 and a rapid ratio of .68. The business 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 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 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. offers computer software-enabled IT and cloud options for corporate and government institutions in the United States and Canada. Its options strategy delivers sophisticated analytics, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clientele across several industries.

See Also

Analyst Recommendations for Converge Technology Solutions (TSE:CTS)

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