Coveo Solutions (TSE:CVO) Given New C$11.00 Price Target at Canaccord Genuity Group

Coveo Solutions (TSE:CVO) had its price target reduced by Canaccord Genuity Group from C$13.00 to C$11.00 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus dropped their price target on shares of Coveo Solutions from C$15.00 to C$13.00 in a research report on Friday. Royal Bank Of Canada lifted their price target on shares of Coveo Solutions from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, TD Securities lifted their price target on shares of Coveo Solutions from C$10.00 to C$12.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Five investment 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 price target of C$11.10.

Coveo Solutions Price Performance

Shares of CVO stock opened at C$5.90 on Monday. Coveo Solutions has a 12 month low of C$4.92 and a 12 month high of C$9.53. The company has a market capitalization of C$565.71 million, a PE ratio of -24.58, a price-to-earnings-growth ratio of 0.09 and a beta of 0.71. The firm’s 50-day moving average is C$8.47 and its two-hundred day moving average is C$7.87. The company has a debt-to-equity ratio of 5.36, a current ratio of 1.85 and a quick ratio of 3.14.

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.