Shares of Converge Technology Solutions Corp. (OTCMKTS:CTSDF – Get Rating) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $13.38.
Several equities research analysts have recently commented on CTSDF shares. Desjardins upped their price objective on Converge Technology Solutions from C$13.75 to C$14.25 in a research note on Wednesday, January 12th. National Bank Financial started coverage on shares of Converge Technology Solutions in a report on Tuesday, April 26th. They set an “outperform” rating for the company. Canaccord Genuity Group upped their target price on shares of Converge Technology Solutions from C$14.00 to C$14.50 in a research report on Monday, April 4th. Finally, TD Securities decreased their target price on shares of Converge Technology Solutions from C$13.00 to C$12.00 in a research report on Friday, March 25th.
Shares of CTSDF opened at $5.16 on Thursday. The firm has a fifty day simple moving average of $7.35 and a two-hundred day simple moving average of $8.04. Converge Technology Solutions has a 1-year low of $5.14 and a 1-year high of $10.66.
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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