Coveo Solutions Inc. (TSE:CVO) Receives C$10.64 Consensus PT from Analysts

Shares of Coveo Solutions Inc. (TSE:CVO) have earned an average recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$10.64.

Several equities analysts recently issued reports on CVO shares. TD Securities decreased their price objective on Coveo Solutions from C$11.00 to C$10.00 and set a “buy” rating for the company in a research report on Wednesday, May 21st. Canaccord Genuity Group upped their price target on shares of Coveo Solutions from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. National Bankshares lowered their price objective on shares of Coveo Solutions from C$8.50 to C$7.50 and set an “outperform” rating for the company in a research report on Friday, April 25th. Royal Bank Of Canada raised their price objective on shares of Coveo Solutions from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Wednesday, May 21st. Finally, Stifel Nicolaus upped their target price on shares of Coveo Solutions from C$11.00 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday, May 21st.

Coveo Solutions Stock Up 2.0%

TSE:CVO opened at C$7.23 on Tuesday. Coveo Solutions has a 1 year low of C$4.92 and a 1 year high of C$8.30. The stock has a 50-day moving average price of C$6.65 and a two-hundred day moving average price of C$6.38. The stock has a market cap of C$485.80 million, a price-to-earnings ratio of -44.60, a PEG ratio of 0.09 and a beta of 0.75. The company has a current ratio of 1.85, a quick ratio of 3.14 and a debt-to-equity ratio of 5.36.

About Coveo Solutions

Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company’s solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.