Converge Technology Solutions (OTCMKTS:CTSDF) PT Lowered to C$11.00 at Scotiabank

Converge Technology Solutions (OTCMKTS:CTSDFGet Rating) had its price objective cut by Scotiabank from C$14.00 to C$11.00 in a report released on Monday, The Fly reports.

Several other equities analysts have also recently weighed in on the company. TD Securities cut their price objective on Converge Technology Solutions from C$12.00 to C$8.50 in a research report on Thursday, May 12th. National Bank Financial reduced their price objective on Converge Technology Solutions from C$14.00 to C$12.00 in a research report on Thursday, July 21st. CIBC dropped their target price on shares of Converge Technology Solutions from C$11.00 to C$7.00 in a research report on Tuesday, June 14th. Finally, Canaccord Genuity Group reduced their price target on shares of Converge Technology Solutions from C$14.50 to C$12.00 in a report on Thursday, May 12th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $11.28.

Converge Technology Solutions Trading Down 1.7 %

OTCMKTS:CTSDF opened at $4.44 on Monday. Converge Technology Solutions has a 1 year low of $3.60 and a 1 year high of $10.66. The firm’s fifty day simple moving average is $4.78 and its 200 day simple moving average is $6.48.

Converge Technology Solutions Company Profile

(Get Rating)

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.

See Also

The Fly logo

Analyst Recommendations for Converge Technology Solutions (OTCMKTS:CTSDF)

Receive News & Ratings for Converge Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Converge Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.