TeraGo Coverage Initiated at Pi Financial (TGO)
Investment analysts at Pi Financial started coverage on shares of TeraGo (TSE:TGO) in a note issued to investors on Tuesday, American Banking News reports. The firm set a “buy” rating and a C$11.00 price target on the stock. Pi Financial’s price objective points to a potential upside of 59.42% from the company’s current price.
TeraGo (TSE:TGO) traded up 4.39% on Tuesday, hitting $6.90. The stock had a trading volume of 42,830 shares. TeraGo has a 52 week low of $5.74 and a 52 week high of $10.80. The stock has a 50-day moving average of $6.93 and a 200-day moving average of $7.69. The company has a market cap of $78.9 million and a P/E ratio of 10.17.
Separately, analysts at CIBC cut their price target on shares of TeraGo from C$10.50 to C$10.00 in a research note to investors on Friday, August 2nd. They now have a “sector perform” rating on the stock.
TeraGo Inc (TSE:TGO) is a wireless broadband communications service provider to businesses in Canada.
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