Coveo Solutions (TSE:CVO) Sets New 1-Year High - Should You Buy?

Coveo Solutions Inc. (TSE:CVO - Get Free Report)'s share price hit a new 52-week high on Thursday . The company traded as high as C$8.33 and last traded at C$8.33, with a volume of 136482 shares changing hands. The stock had previously closed at C$7.98.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CVO shares. Canaccord Genuity Group upped their price target on Coveo Solutions from C$11.00 to C$12.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Royal Bank Of Canada boosted their target price 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. National Bankshares cut their price target 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 boosted 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 research note on Wednesday, May 21st. Finally, TD Securities dropped their price objective on shares of Coveo Solutions from C$11.00 to C$10.00 and set a "buy" rating for the company in a research report on Wednesday, May 21st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Coveo Solutions presently has an average rating of "Buy" and an average target price of C$10.58.

Coveo Solutions Trading Up 4.4%

The firm has a fifty day moving average of C$7.31 and a 200 day moving average of C$6.50. The firm has a market capitalization of C$559.71 million, a PE ratio of -51.38, a P/E/G ratio of 0.09 and a beta of 0.75. The company has a debt-to-equity ratio of 5.36, a quick ratio of 3.14 and a current ratio of 1.85.

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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