Converge Technology Solutions (TSE:CTS) Given New C$14.00 Price Target at Berenberg Bank

Converge Technologies Answers (TSE:CTS – Get Ranking) had its price aim decreased by equities researchers at Berenberg Financial institution from C$18.25 to C$14.00 in a analysis report issued to customers and buyers on Tuesday, BayStreet.CA stories. Berenberg Bank’s rate concentrate on indicates a likely upside of 85.43% from the company’s current selling price.

Other research analysts have also not too long ago issued investigate reports about the stock. Desjardins reiterated a “buy” ranking on shares of Converge Engineering Solutions in a investigate report on Wednesday, March 23rd. Raymond James established a C$12.50 concentrate on price tag on shares of Converge Technologies Methods and gave the company an “outperform” rating in a analysis notice on Thursday, Could 12th. Countrywide Bank Economic reissued an “outperfrom beneath weight” rating on shares of Converge Technological innovation Remedies in a investigation note on Tuesday, April 26th. CIBC lowered their goal rate on shares of Converge Technology Alternatives from C$12.50 to C$11.00 in a investigate be aware on Monday, January 31st. Finally, Countrywide Bankshares set a C$14.00 concentrate on value on shares of Converge Technological know-how Options and gave the enterprise an “outperform” score in a exploration be aware on Wednesday, April 27th. Two analysts have rated the stock with a hold score and eight have issued a get ranking to the company’s inventory. According to MarketBeat, Converge Technologies Methods presently has a consensus score of “Buy” and a consensus rate target of C$12.71.

CTS stock traded down C$.50 through mid-working day investing on Tuesday, reaching C$7.55. 568,898 shares of the inventory traded arms, in contrast to its normal quantity of 665,791. The organization has a debt-to-equity ratio of 28.01, a quick ratio of .89 and a latest ratio of 1.14. Converge Technologies Alternatives has a 1 calendar year lower of C$5.88 and a 1 year superior of C$13.09. The stock has a sector capitalization of C$1.62 billion and a PE ratio of 157.29. The organization has a 50-day relocating average cost of C$7.60 and a two-hundred working day relocating typical price tag of C$7.91.

Converge Know-how Alternatives (TSE:CTS – Get Ranking) final posted its quarterly earnings details on Tuesday, May 10th. The company noted C$.10 earnings for each share for the quarter, beating analysts’ consensus estimates of C$.06 by C$.04. The agency had profits of C$550.04 million for the quarter, in comparison to the consensus estimate of C$497.63 million. On common, equities analysts count on that Converge Know-how Alternatives will post .6266755 earnings for every share for the present fiscal year.

Converge Technological know-how Remedies Organization Profile (Get Score)

Converge Technology Solutions Corp., through its subsidiaries, distributes storage units and programs, computer system items, software package, and peripherals. The firm also offers set up and upkeep analytics, hybrid cloud, infrastructure, and cybersecurity expert services cloud delivery, compute efficiency, network optimization, and IT invest optimization methods and IT specialist companies, this sort of as data middle infrastructure integration and solutioning, and cloud optimization.

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