Pivotree (CVE:PVT) Given New C$1.00 Price Target at Canaccord Genuity Group

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

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

Pivotree Stock Performance

Shares of PVT opened at C$0.93 on Thursday. 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 quick ratio of 1.95, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is C$1.08 and its two-hundred day moving average is C$1.24. Pivotree has a 52-week low of C$0.88 and a 52-week 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.