RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%
Section1: Company Overview
Converge Technology Solutions Corp (TSX: CTS) is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face. This Report covers the Investment Highlights, Key Financial Metrics, Valuation, Target Price, and Recommendation on the stock.
1.1 Investment Highlights
Section2: Financial Highlights
2.1 Key Financial Highlights
Section 3: Stock Recommendation Summary
3.1 Valuation Methodology
Valuation Methodology (Illustrative): EV to EBITDA based
3.2 Price Performance and Stock Recommendation
The stock has witnessed an upside of ~4.72% and ~24.69% over the last 1 month and 3 months respectively. Moreover, the stock is trading above the average 52-week high price of CAD 5.15 and 52-week low price of CAD 2.245, providing an opportunity to exit, as the prices are trading near the resistance and could make some correction. Converge Technology Solutions Corp (TSX: CTS) was last covered on 26th February 2024.
3.3 One-Year Technical Price Chart
One-Year Technical Price Chart (as of March 1, 2024). Source: REFINITIV, Analysis: Kalkine Group
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, and currency as of March 1, 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Dividend Yield may vary as per the stock price movement.
The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.
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