National Bank Financial Lowers Converge Technology Solutions (OTCMKTS:CTSDF) Price Target to C$7.00

Converge Technology Solutions (OTCMKTS:CTSDF – Get Rating) had its price objective decreased by stock analysts at National Bank Financial from C$8.00 to C$7.00 in a research note issued on Friday, The Fly reports.

Several other research analysts have also recently issued reports on the company. Desjardins dropped their price objective on Converge Technology Solutions from C$8.00 to C$7.00 in a research note on Friday, March 10th. Raymond James lowered their target price on Converge Technology Solutions from C$8.50 to C$7.00 in a report on Wednesday, February 15th. Scotiabank lowered their target price on Converge Technology Solutions from C$8.00 to C$7.00 in a report on Friday. BMO Capital Markets lowered their target price on Converge Technology Solutions from C$8.00 to C$7.50 in a report on Wednesday, February 15th. Finally, Berenberg Bank lowered their target price on Converge Technology Solutions from C$14.00 to C$9.50 in a report on Monday, December 5th.

Converge Technology Solutions Stock Down 3.5 %

CTSDF opened at $2.90 on Friday. The stock’s 50 day moving average price is $3.76 and its 200-day moving average price is $3.91. Converge Technology Solutions has a one year low of $2.70 and a one year high of $8.73.

About Converge Technology Solutions

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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.