Coveo Solutions (TSE:CVO) Trading Up 0.2% – Here’s Why

Coveo Solutions Inc. (TSE:CVO)’s stock price rose 0.2% on Wednesday . The stock traded as high as C$9.29 and last traded at C$9.21. Approximately 131,528 shares changed hands during trading, a decline of 6% from the average daily volume of 139,701 shares. The stock had previously closed at C$9.19.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. TD Securities upped their price target on shares of Coveo Solutions from C$10.00 to C$12.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Stifel Nicolaus lifted their target price on shares of Coveo Solutions from C$11.00 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Royal Bank Of Canada increased their price target on Coveo Solutions from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Finally, Canaccord Genuity Group raised their price target on Coveo Solutions from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$11.50.

Coveo Solutions Trading Up 0.2%

The company has a current ratio of 1.85, a quick ratio of 3.14 and a debt-to-equity ratio of 5.36. The stock has a 50 day simple moving average of C$8.69 and a 200-day simple moving average of C$7.20. The firm has a market cap of C$884.24 million, a P/E ratio of -38.38, a P/E/G ratio of 0.09 and a beta of 0.73.

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.