The Technology company, Converge Technology Solutions Corp (CTS – Research Report), has received a rating update from a Wall Street analyst today. Scotiabank’s analyst Divya Goyal reiterates their Buy rating on the shares, with a C$7.00 price target.
According to TipRanks.com, Goyal ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -18.7% and a 23.3% success rate. Goyal covers the Technology sector, focusing on stocks such as Kyndryl Holdings Incorporation, Quisitive Technology Solutions, and Alithya Group.
Converge Technology Solutions Corp has an analyst consensus of Strong Buy, with a price target consensus of C$5.48.
The company has a one-year high of C$6.23 and a one-year low of C$2.25. Currently, Converge Technology Solutions Corp has an average volume of 545.3K.
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 Friday at C$3.02.
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