National Bank Financial Lowers Coveo Solutions (TSE:CVO) Price Target to C$5.50

Coveo Solutions (TSE:CVO) had its price objective reduced by analysts at National Bank Financial from C$7.00 to C$5.50 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 16.03% from the stock’s previous close.

Separately, TD Securities decreased their price objective on Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating for the company in a report on Friday, January 30th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$10.20.

Coveo Solutions Stock Down 2.5%

Shares of CVO traded down C$0.12 during midday trading on Wednesday, hitting C$4.74. 118,597 shares of the company’s stock traded hands, compared to its average volume of 214,696. Coveo Solutions has a 1 year low of C$4.11 and a 1 year high of C$9.53. The firm’s fifty day moving average is C$4.43 and its 200-day moving average is C$5.53. The company has a current ratio of 1.47, a quick ratio of 3.14 and a debt-to-equity ratio of 16.61. The stock has a market capitalization of C$446.16 million, a price-to-earnings ratio of -13.54, a price-to-earnings-growth ratio of 0.09 and a beta of 1.33.

Coveo Solutions Company Profile

Coveo brings superior AI-Relevance to every point-of-experience, transforming how enterprises connect with their customers and employees to maximize business outcomes. Relevance is about moving from persona to person, the degree to which the enterprise-wide content, products, recommendations, and advice presented to a person online aligns easily with their context, needs, preferences, behavior and intent, setting the competitive experience gold standard. Every person’s journey is unique, and only AI can solve the complexity of tailoring experiences across massive, diverse audiences and large volumes and variety of content and products.