Canaccord Genuity Group Cuts Pivotree (CVE:PVT) Price Target to C$1.00

Pivotree (CVE:PVT) had its price target trimmed by Canaccord Genuity Group from C$1.25 to C$1.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Separately, Cormark reduced their target price on Pivotree from C$3.50 to C$2.50 in a research note on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$2.38.

Pivotree Trading Up 3.3 %

Shares of CVE:PVT opened at C$0.93 on Thursday. The business’s 50-day moving average is C$1.08 and its 200 day moving average is C$1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.80 and a quick ratio of 1.95. Pivotree has a 1 year low of C$0.88 and a 1 year high of C$2.20. The firm has a market capitalization of C$24.47 million, a P/E ratio of -2.58 and a beta of 0.22.

Pivotree Company Profile

Pivotree Inc designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers in Canada and internationally. The company offers infrastructure deployment, data transaction, subscription license, system and application triage and support, configuration management, and security services, as well as provides web and application hosting services.