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Coveo Solutions (TSE:CVO) Given New C$12.00 Price Target at Royal Bank Of Canada

Coveo Solutions logo with Computer and Technology background

Key Points

  • Royal Bank of Canada has raised its price target for Coveo Solutions (TSE:CVO) from C$11.00 to C$12.00, indicating a potential upside of 43.03% from the stock's previous close.
  • Multiple firms have recently adjusted their ratings and price targets for Coveo, with TD Securities and Stifel Nicolaus setting targets of C$12.00 and C$13.00, respectively, while five analysts maintain a "buy" rating overall.
  • The stock traded down by C$0.63 to C$8.39 during Friday's trading session, with a market capitalization of C$563.74 million.
  • Five stocks to consider instead of Coveo Solutions.

Coveo Solutions (TSE:CVO - Get Free Report) had its price objective lifted by stock analysts at Royal Bank Of Canada from C$11.00 to C$12.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target suggests a potential upside of 43.03% from the company's previous close.

CVO has been the topic of a number of other research reports. TD Securities lifted their target price on shares of Coveo Solutions from C$10.00 to C$12.00 and gave the company a "buy" rating in a research note on Friday. National Bankshares cut their price objective on Coveo Solutions from C$8.50 to C$7.50 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Stifel Nicolaus increased their target price on Coveo Solutions from C$11.00 to C$13.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Canaccord Genuity Group lifted their price target on Coveo Solutions from C$12.00 to C$13.00 and gave the company a "buy" rating in a research report on Friday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Coveo Solutions currently has a consensus rating of "Buy" and a consensus price target of C$11.25.

Check Out Our Latest Report on CVO

Coveo Solutions Trading Down 7.0%

Shares of CVO stock traded down C$0.63 during trading hours on Friday, reaching C$8.39. The company's stock had a trading volume of 457,635 shares, compared to its average volume of 134,488. The firm's fifty day simple moving average is C$7.66 and its 200 day simple moving average is C$6.65. Coveo Solutions has a one year low of C$4.92 and a one year high of C$9.53. The stock has a market capitalization of C$563.74 million, a P/E ratio of -51.75, a P/E/G ratio of 0.09 and a beta of 0.75. The company has a current ratio of 1.85, a quick ratio of 3.14 and a debt-to-equity ratio of 5.36.

About Coveo Solutions

(Get Free Report)

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.

See Also

Analyst Recommendations for Coveo Solutions (TSE:CVO)

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.

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