In a latest note to investors, a research analyst has provided a rating update for the Technology company, Converge Technology Solutions Corp (CTS – Research Report). Analyst David Kwan from TD Securities reiterated a Hold rating, with a C$3.50 price target today.
According to TipRanks.com, Kwan is ranked #501 out of 8571 analysts.
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.
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.
Read More on TSE:CTS:
