TSE:CTS

Converge Technology Solutions (CTS) Price Target & Analyst Ratings

C$3.61

-0.11 (-2.96%)

(As of 06/2/2023 ET)

Compare

Today's Range: C$3.57
▼
C$3.75
50-Day Range: C$2.71
▼
C$4.08
52-Week Range: C$2.59
▼
C$7.51

Volume: 870,065 shs
Average Volume: 1.07 million shs
Market Capitalization: C$754.96 million

P/E Ratio: 25.79
Dividend Yield: 1.11%
Price Target: C$7.84

Converge Technology Solutions Consensus Rating and Price Target (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Moderate Buy
Based on 6 Analyst Ratings

Consensus Analyst Price Target

C$7.84
117.20% Upside

High Prediction	C$11.00
Average Prediction	C$7.84
Low Prediction	C$5.25

Type	Current 6/3/22 to 6/3/23	1 Month Ago 5/4/22 to 5/4/23	3 Months Ago 3/5/22 to 3/5/23	1 Year Ago 6/3/21 to 6/3/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$7.84	C$7.93	C$8.65	C$12.71
Predicted Upside	117.20% Upside	68.59% Upside	59.69% Upside	60.93% Upside

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CTS Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CTS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Converge Technology Solutions Stock vs. The Competition

Type	Converge Technology Solutions	Computer and Technology Companies
Consensus Rating Score	2.83	2.55
Consensus Rating	Moderate Buy	Buy
News Sentiment Rating	Positive News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
5/16/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$8.50 ➝ C$5.50	+71.87%
3/17/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$8.00 ➝ C$7.00	+75.00%
3/16/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$8.00 ➝ C$7.00	+67.87%
2/15/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$8.50 ➝ C$7.00	+45.53%
2/15/2023	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$9.00 ➝ C$8.00	+66.32%
2/15/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$8.00 ➝ C$7.50	+55.93%

2/15/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$10.50 ➝ C$8.50	+76.72%
12/12/2022	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$7.00 ➝ C$5.25	+7.58%
12/2/2022	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$14.00 ➝ C$9.50	+89.62%
11/10/2022	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$11.00 ➝ C$10.00	+139.81%
6/21/2022	Laurentian Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Nick Agostino Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	C$11.00	+97.49%

(Data available from 6/3/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

CTS Price Target - Frequently Asked Questions

What is Converge Technology Solutions's consensus rating and price target?: According to the issued ratings of 6 analysts in the last year, the consensus rating for Converge Technology Solutions stock is Moderate Buy based on the current 1 hold rating and 5 buy ratings for CTS. The average twelve-month price prediction for Converge Technology Solutions is C$7.84 with a high price target of C$11.00 and a low price target of C$5.25. Learn more on CTS's analyst rating history.
Do Wall Street analysts like Converge Technology Solutions more than its competitors?: Analysts like Converge Technology Solutions more than other Computer and Technology companies. The consensus rating for Converge Technology Solutions is Moderate Buy while the average consensus rating for computer and technology companies is Buy. Learn more on how CTS compares to other companies.
Does Converge Technology Solutions's stock price have much upside?: According to analysts, Converge Technology Solutions's stock has a predicted upside of 70.80% based on their 12-month price targets.

What analysts cover Converge Technology Solutions?: Converge Technology Solutions has been rated by National Bankshares, Scotiabank, and TD Securities in the past 90 days.

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This page (TSE:CTS) was last updated on 6/3/2023 by MarketBeat.com Staff

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