Today, an analyst has provided a rating update for the Technology company, Converge Technology Solutions Corp (CTS – Research Report). Scotiabank’s analyst Divya Goyal reiterates their Buy rating on the shares, with a C$7.00 price target.
According to TipRanks.com, Goyal has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -19.5% and a 27.0% success rate. Goyal covers the Technology sector, focusing on stocks such as Kyndryl Holdings Incorporation, Quisitive Technology Solutions, and Alithya Group.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Converge Technology Solutions Corp with a C$5.48 average price target.
The company has a one-year high of C$7.18 and a one-year low of C$2.39. Currently, Converge Technology Solutions Corp has an average volume of 777K.
Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face. It has two reportable segments: the United States and Canada. The majority of its revenue is generated from product sales in the United States.
The company’s shares closed last Wednesday at C$2.92, close to its 52-week low of C$2.39.
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