Converge Technology Solutions (OTCMKTS:CTSDF) had its target price raised by Desjardins from C$13.75 to C$14.25 in a research report sent to investors on Wednesday morning, The Fly reports.
CTSDF has been the subject of a number of other research reports. Berenberg Bank assumed coverage on Converge Technology Solutions in a report on Monday, November 15th. They issued a buy rating for the company. CIBC assumed coverage on Converge Technology Solutions in a report on Monday, December 13th. They issued a neutral rating for the company. Scotiabank lifted their target price on Converge Technology Solutions from C$13.00 to C$14.00 in a report on Tuesday. TD Securities assumed coverage on Converge Technology Solutions in a research note on Tuesday, December 14th. They set a hold rating for the company. Finally, decreased their price target on Converge Technology Solutions from C$14.00 to C$13.00 and set a buy rating for the company in a research note on Monday, November 15th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Buy and an average target price of $13.44.
Shares of Converge Technology Solutions stock opened at $7.52 on Wednesday. The stock has a 50 day moving average price of $8.62 and a 200-day moving average price of $8.75. Converge Technology Solutions has a one year low of $3.00 and a one year high of $10.66.
Converge Technology Solutions Corp. engages in combining accelerators and foundational infrastructure solutions to deliver best-of-breed solutions and services to customers. The company was founded on November 29, 2016 and is headquartered in Vancouver, Canada.
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