National Bankshares Raises Converged Technology Solutions (TSE:CTS) Price Target to C$7.00
Converge Technology Solutions (TSE:CTS – Get Free Report) had its price target raised by analysts at National Bankshares from C$6.00 to C$7.00 in a note issued to investors on Friday, reports BayStreet.CA. National Bankshares’ price target points to a potential upside of 38.34% from the stock’s previous close.
Other research analysts have also issued research reports on the stock. TD Securities increased their price target on shares of Converge Technology Solutions from C$4.25 to C$6.00 and gave the company a “hold” rating in a research note on Thursday, March 7 . CIBC increased their price target on Converge Technology Solutions from C$4.50 to C$5.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Scotiabank increased their price target on Converge Technology Solutions from C$7.00 to C$8.00 in a research note on Thursday, March 14th. Cormark lowered its price objective on Converge Technology Solutions from C$7.00 to C$6.50 in a report on Friday. Finally, Desjardins raised their price target on Converge Technology Solutions from C$6.00 to C$7.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s shares. According to MarketBeat.com, Converge Technology Solutions has a consensus rating of “Moderate Buy” and an average price target of C$6.63.
View our latest research report on Converge technology solutions
Converge Technology Solutions trading down 0.2%
TSE:CTS shares opened at C$5.06 on Friday. The company’s 50-day moving average is C$5.54 and its 200-day moving average is C$4.56. The company has a debt ratio of 71.05, a current ratio of 1.04 and a quick ratio of 0.68. Converge Technology Solutions has a 1-year minimum of C$2.24 and a 1-year maximum of C$6.06. The company has a market capitalization of C$1.03 billion, a P/E ratio of -506.00, a P/E/G ratio of 0.14, and a beta of 1.91.
Converge Technology Solutions (TSE:CTS – Get Free Report) last published its quarterly earnings data on Thursday, May 9th. The company reported earnings per share (EPS) of C$0.11 for the quarter, meeting the consensus estimate of C$0.11. The company had revenue of C$628.77 million for the quarter, compared to the consensus estimate of C$661.10 million. Converge Technology Solutions had a negative net margin of 0.05% and a negative return on equity of 1.03%. On average, research analysts predict that Converge Technology Solutions will post 0.599777 earnings per share for the current fiscal year.
Internal Transactions at Converge Technology Solutions
In related news, Senior Director Greg Berard purchased 8,775 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were acquired at an average cost of C$5.80 per share, with a total value of C$50,895.00. Insiders purchased 11,590 shares of the company’s stock worth $66,944 in the last quarter. 5.83% of the shares are currently owned by insiders.
About Converge Technological Solutions
(Get Free Report)
Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions in the United States and Canada. Its solutions approach delivers advanced analytics, artificial intelligence, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to customers across multiple industries.
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