Converge Technologies Options Corp. (TSE:CTS) Offered Typical Rating of “Moderate Get” by Brokerages
Converge Technologies Options Corp. (TSE:CTS – Get Rating) has received a consensus rating of “Get” from the fourteen analysts that are covering the firm, Marketbeat reports. Six equities investigation analysts have rated the stock with a purchase recommendation. The typical 12-month target value amongst brokerages that have issued ratings on the stock in the final year is C$eight.48.
A quantity of brokerages not too long ago commented on CTS. Raymond James decreased their value target on Converge Technologies Options from C$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 value target on Converge Technologies Options from C$14.00 to C$9.50 in a report on Friday, December 2nd. CIBC decreased their value 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 value target on Converge Technologies Options from C$eight.00 to C$7.50 in a report on Wednesday, February 15th. Ultimately, Cormark decreased their value target on Converge Technologies Options from C$9.00 to C$eight.00 in a report on Wednesday, February 15th.
Converge Technologies Options Value Efficiency
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$11.04. The organization has a 50-day moving typical of C$five.09 and a 200-day moving typical of C$four.77. The organization has a debt-to-equity ratio of 63.41, a existing ratio of .84 and a swift ratio of .68. The organization has a marketplace capitalization of C$856.00 million, a value-to-earnings ratio of 25.44, a PEG ratio of .14 and a beta of 1.99.
Insider Acquiring and Promoting at Converge Technologies Options
In other news, Senior Officer Greg Berard acquired 9,308 shares of the business’s stock in a transaction on Friday, December 30th. The shares have been bought at an typical value of C$four.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 roughly C$684,369.60. four.88% of the stock is presently owned by insiders.
About Converge Technologies Options
(Get Rating)
Converge Technologies Options Corp. supplies computer software-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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