Coveo Solutions Inc. (TSE:CVO) Given Average Rating of "Buy" by Brokerages

Coveo Solutions Inc. (TSE:CVO - Get Free Report) has been given an average recommendation of "Buy" by the six research firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$10.64.

Several research firms have recently weighed in on CVO. Canaccord Genuity Group increased their price target on shares of Coveo Solutions from C$11.00 to C$12.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. TD Securities decreased their price objective on shares of Coveo Solutions from C$11.00 to C$10.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. National Bankshares decreased their price objective on shares of Coveo Solutions from C$8.50 to C$7.50 and set an "outperform" rating on the stock in a report on Friday, April 25th. Stifel Nicolaus upped their price objective on shares of Coveo Solutions from C$11.00 to C$13.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, Royal Bank Of Canada upped their price objective on shares of Coveo Solutions from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a report on Wednesday, May 21st.

Coveo Solutions Stock Down 2.9%

CVO opened at C$7.63 on Friday. Coveo Solutions has a twelve month low of C$4.92 and a twelve month high of C$8.24. The company has a quick ratio of 3.14, a current ratio of 1.85 and a debt-to-equity ratio of 5.36. The company has a 50-day moving average price of C$7.22 and a 200 day moving average price of C$6.48. The company has a market cap of C$512.68 million, a PE ratio of -47.06, a price-to-earnings-growth ratio of 0.09 and a beta of 0.75.

About Coveo Solutions

Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company's solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.