Converge Technology Solutions (OTCMKTS:CTSDF) PT Lowered to C$7.00 at National Bank Financial

Converge Technology Solutions (OTCMKTS:CTSDF – Get Rating) had its price target reduced by equities researchers 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 firms have also commented on CTSDF. Scotiabank lowered their price target on shares of Converge Technology Solutions from C$8.00 to C$7.00 in a research report on Friday. Berenberg Bank lowered their price target on shares of Converge Technology Solutions from C$14.00 to C$9.50 in a research report on Monday, December 5th. BMO Capital Markets lowered their price target on shares of Converge Technology Solutions from C$8.00 to C$7.50 in a research report on Wednesday, February 15th. Raymond James lowered their price target on shares of Converge Technology Solutions from C$8.50 to C$7.00 in a research report on Wednesday, February 15th. Finally, Desjardins lowered their price target on shares of Converge Technology Solutions from C$8.00 to C$7.00 in a research report on Friday, March 10th.

Converge Technology Solutions Trading Down 3.5 %

CTSDF stock opened at $2.90 on Friday. The company’s 50 day simple moving average is $3.76 and its 200-day simple moving average is $3.91. Converge Technology Solutions has a 12 month low of $2.70 and a 12 month 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.