Coveo Solutions Inc. (TSE:CVO) Receives Consensus Recommendation of "Buy" from Brokerages

Coveo Solutions Inc. (TSE:CVO - Get Free Report) has been assigned a consensus recommendation of "Buy" from the six analysts that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have covered the stock in the last year is C$10.64.

CVO has been the subject of several recent analyst reports. National Bankshares cut their price objective 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 boosted their price objective on Coveo Solutions from C$11.00 to C$12.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. TD Securities cut their price objective on Coveo Solutions from C$11.00 to C$10.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Royal Bank of Canada boosted their price objective on Coveo Solutions from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Finally, Stifel Nicolaus boosted their price objective on Coveo Solutions from C$11.00 to C$13.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st.

Coveo Solutions Price Performance

CVO stock opened at C$7.39 on Tuesday. 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 firm has a market capitalization of C$496.55 million, a PE ratio of -45.58, a PEG ratio of 0.09 and a beta of 0.75. Coveo Solutions has a twelve month low of C$4.92 and a twelve month high of C$8.30. The stock has a 50-day simple moving average of C$6.54 and a two-hundred day simple moving average of C$6.37.

Coveo Solutions Company Profile

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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