Canaccord Genuity Group Has Lowered Expectations for Pivotree (CVE:PVT) Stock Price

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

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

Pivotree Stock Up 3.3 %

CVE:PVT opened at C$0.93 on Thursday. The company has a current ratio of 2.80, a quick ratio of 1.95 and a debt-to-equity ratio of 0.73. The stock 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 capitalization of C$24.47 million, a PE ratio of -2.58 and a beta of 0.22. Pivotree has a 52 week low of C$0.88 and a 52 week high of C$2.20.

About Pivotree

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.