Converge Technology Solutions (OTCMKTS:CTSDF) Price Target Cut to C$7.00

Converge Technology Solutions (OTCMKTS:CTSDF – Get Rating) had its target price lowered by research analysts at Scotiabank from C$8.00 to C$7.00 in a research report issued to clients and investors on Friday, The Fly reports.

A number of other research firms also recently issued reports on CTSDF. BMO Capital Markets cut their target price on shares of Converge Technology Solutions from C$8.00 to C$7.50 in a research report on Wednesday, February 15th. Desjardins cut their target price on shares of Converge Technology Solutions from C$8.00 to C$7.00 in a research report on Friday, March 10th. Berenberg Bank cut their target price on shares of Converge Technology Solutions from C$14.00 to C$9.50 in a research report on Monday, December 5th. Finally, Raymond James lowered their price target on Converge Technology Solutions from C$8.50 to C$7.00 in a research note on Wednesday, February 15th.

Converge Technology Solutions Stock Performance

Converge Technology Solutions stock opened at $2.90 on Friday. Converge Technology Solutions has a 1 year low of $2.70 and a 1 year high of $8.73. The company’s 50-day moving average is $3.76 and its two-hundred day moving average is $3.91.

Converge Technology Solutions Company Profile

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Converge Technology Solutions Corp. engages in the provision of hybrid Information Technology solutions. It offers combination of 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 Quebec, Canada.