National Bankshares set a C$14.00 price target on Converge Technology Solutions (TSE:CTS – Get Rating) in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
CTS has been the topic of a number of other reports. Scotiabank raised their target price on Converge Technology Solutions from C$13.00 to C$14.00 in a research note on Tuesday, January 11th. TD Securities cut their price objective on shares of Converge Technology Solutions from C$13.00 to C$12.00 and set a hold rating on the stock in a research report on Thursday, March 24th. CIBC decreased their target price on shares of Converge Technology Solutions from C$12.50 to C$11.00 in a research report on Monday, January 31st. Desjardins reaffirmed a buy rating on shares of Converge Technology Solutions in a report on Wednesday, March 23rd. Finally, Raymond James set a C$12.50 price objective on Converge Technology Solutions and gave the stock an outperform rating in a report on Tuesday, March 29th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Converge Technology Solutions presently has an average rating of Buy and an average target price of C$13.27.
Shares of TSE CTS traded up C$0.42 during mid-day trading on Wednesday, hitting C$9.18. The company had a trading volume of 604,872 shares, compared to its average volume of 645,408. Converge Technology Solutions has a 12 month low of C$5.20 and a 12 month high of C$13.09. The stock has a market cap of C$1.97 billion and a price-to-earnings ratio of 114.75. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.32 and a quick ratio of 1.12. The firm’s 50 day simple moving average is C$8.12 and its two-hundred day simple moving average is C$8.11.
Converge Technology Solutions Corp., through its subsidiaries, distributes storage devices and systems, computer products, software, and peripherals. The company also provides installation and maintenance; analytics, hybrid cloud, infrastructure, and cybersecurity services; cloud delivery, compute efficiency, network optimization, and IT spend optimization solutions; and IT professional services, such as data center infrastructure integration and solutioning, and cloud optimization.
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