Coveo Solutions Inc. (TSE:CVO) Receives Average Rating of "Buy" from Analysts

Shares of Coveo Solutions Inc. (TSE:CVO - Get Free Report) have received an average rating of "Buy" from the nine analysts that are currently covering the firm, Marketbeat reports. Nine analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$11.00.

A number of equities analysts have recently commented on the company. National Bankshares dropped their target price on Coveo Solutions from C$8.50 to C$7.50 and set an "outperform" rating for the company in a report on Friday, April 25th. Canaccord Genuity Group lifted their target price on Coveo Solutions from C$11.00 to C$12.00 and gave the stock a "buy" rating in a report on Wednesday. TD Securities dropped their target price on Coveo Solutions from C$11.00 to C$10.00 and set a "buy" rating for the company in a report on Wednesday. Royal Bank of Canada boosted their price objective on Coveo Solutions from C$10.00 to C$11.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Stifel Nicolaus boosted their price objective on Coveo Solutions from C$11.00 to C$13.00 and gave the company a "buy" rating in a report on Wednesday.

Coveo Solutions Stock Up 0.6%

Shares of CVO opened at C$6.94 on Friday. The company has a current ratio of 1.85, a quick ratio of 3.14 and a debt-to-equity ratio of 5.36. Coveo Solutions has a 12-month low of C$4.92 and a 12-month high of C$8.30. The business's 50 day moving average is C$5.93 and its 200 day moving average is C$6.36. The company has a market capitalization of C$466.31 million, a PE ratio of -42.81, 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.

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