Converge Technology Solutions Corp. (TSE:CTS) Receives C$16.63 Average PT from Brokerages

Shares of Converge Technology Solutions Corp. (TSE:CTS - Get Free Report) have received an average rating of "Hold" from the nine research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$16.63.

A number of research analysts have weighed in on the company. Jefferies Financial Group lowered their target price on Converge Technology Solutions from C$145.00 to C$140.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Cormark raised shares of Converge Technology Solutions from a "hold" rating to a "moderate buy" rating in a report on Monday, January 13th. TD Securities boosted their target price on shares of Converge Technology Solutions from C$5.50 to C$6.00 and gave the company a "sell" rating in a research report on Thursday, April 3rd. Scotiabank increased their price target on shares of Converge Technology Solutions from C$5.50 to C$6.00 in a research report on Wednesday, April 2nd. Finally, Stifel Canada upgraded Converge Technology Solutions to a "strong-buy" rating in a research note on Wednesday, January 15th.

Converge Technology Solutions Price Performance

The firm's fifty day moving average is C$5.66 and its 200 day moving average is C$4.38. The company has a market capitalization of C$1.13 billion, a P/E ratio of -7.18, a price-to-earnings-growth ratio of 0.14 and a beta of 1.81. The company has a current ratio of 0.96, a quick ratio of 0.68 and a debt-to-equity ratio of 85.78. Converge Technology Solutions has a 52-week low of C$2.90 and a 52-week high of C$6.06.

About Converge Technology Solutions

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.