Today, an analyst has provided a rating update for the Technology company, Converge Technology Solutions Corp (CTS – Research Report). The Technology company, Converge Technology Solutions Corp (TSX: CTS) has just received a rating update from a Wall Street analyst.
Goff has an average return of 59.8% when recommending Converge Technology Solutions Corp.
According to TipRanks.com, Goff is ranked #201 out of 8571 analysts.
Converge Technology Solutions Corp has an analyst consensus of Strong Buy, with a price target consensus of C$5.48, which is a 137.2% upside from current levels. In a report released today, Scotiabank also maintained a Buy rating on the stock with a C$7.00 price target.
Converge Technology Solutions Corp’s market cap is currently C$477.5M and has a P/E ratio of 42.83.
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 Thursday at C$2.33, close to its 52-week low of C$2.25.
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