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

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

Separately, Cormark cut their target price on shares of Pivotree from C$3.50 to C$2.50 in a research note on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$2.38.

Pivotree Stock Performance

CVE:PVT opened at C$0.93 on Thursday. The company has a 50-day moving average of C$1.08 and a 200-day moving average of C$1.24. The firm has a market cap of C$24.47 million, a price-to-earnings ratio of -2.58 and a beta of 0.22. The company has a current ratio of 2.80, a quick ratio of 1.95 and a debt-to-equity ratio of 0.73. Pivotree has a twelve month low of C$0.88 and a twelve month high of C$2.20.

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.