Canaccord Genuity Boosts Redknee Solutions (RKN) Price Target to C$0.90

Redknee Solutions (TSE:RKN) had its target price lifted by equities researchers at Canaccord Genuity from C$0.75 to C$0.90 in a research note issued on Friday. Canaccord Genuity’s price target would suggest a potential downside of 13.46% from the company’s current price.

Several other analysts have also recently weighed in on RKN. Royal Bank Of Canada raised shares of Redknee Solutions from an “underperform” rating to a “sector perform” rating and set a C$0.75 price target for the company in a research note on Wednesday, September 13th. CIBC increased their price target on shares of Redknee Solutions from C$0.85 to C$1.10 in a research note on Friday.

Redknee Solutions (RKN) traded up C$0.01 during trading on Friday, hitting C$1.04. 408,039 shares of the stock traded hands, compared to its average volume of 368,669. Redknee Solutions has a twelve month low of C$0.67 and a twelve month high of C$2.11.

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About Redknee Solutions

Redknee Solutions Inc is a Canada-based company, which offers real-time monetization and subscriber management software products, solutions and services. The Company’s solutions include Redknee Communications Suite, including Revenue Management, fourth generation (4G) Monetization, Cloud Solutions, Marketing Solutions and Customer Experience, and Redknee Connected Suite, including Energy and Utilities, Internet of Things and Retail.

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