Stifel Nicolaus Lowers Coveo Solutions (TSE:CVO) Price Target to C$13.00

Coveo Solutions (TSE:CVO) had its price objective dropped by stock analysts at Stifel Nicolaus from C$15.00 to C$13.00 in a research note issued on Friday,BayStreet.CA reports. Stifel Nicolaus’ price target would suggest a potential upside of 116.67% from the stock’s previous close.

CVO has been the subject of several other reports. Royal Bank Of Canada increased their price target on shares of Coveo Solutions from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Canaccord Genuity Group boosted their target price on Coveo Solutions from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, TD Securities raised their price target on Coveo Solutions from C$10.00 to C$12.00 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 MarketBeat.com, Coveo Solutions presently has an average rating of “Buy” and an average target price of C$11.50.

Coveo Solutions Stock Performance

TSE:CVO opened at C$6.00 on Friday. The company has a debt-to-equity ratio of 5.36, a current ratio of 1.85 and a quick ratio of 3.14. The firm has a market cap of C$575.30 million, a price-to-earnings ratio of -25.00, a price-to-earnings-growth ratio of 0.09 and a beta of 0.71. The firm’s fifty day moving average price is C$8.53 and its 200 day moving average price is C$7.85. Coveo Solutions has a 1-year low of C$4.92 and a 1-year high of C$9.53.

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.