TeraGo (TSE:TGO) Given New C$12.50 Price Target at Canaccord Genuity

TeraGo (TSE:TGO) had its price objective decreased by equities researchers at Canaccord Genuity from C$13.00 to C$12.50 in a research note issued on Monday, BayStreet.CA reports. Canaccord Genuity’s price target indicates a potential upside of 39.98% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. TD Securities decreased their price target on shares of TeraGo from C$12.00 to C$11.50 and set a “hold” rating on the stock in a research report on Thursday. Desjardins reiterated a “hold” rating on shares of TeraGo in a research report on Wednesday, July 3rd.

TeraGo stock traded down C$0.29 during mid-day trading on Monday, hitting C$8.93. The company’s stock had a trading volume of 26,200 shares, compared to its average volume of 20,539. The company has a quick ratio of 0.40, a current ratio of 0.48 and a debt-to-equity ratio of 142.22. The firm has a market capitalization of $169.26 million and a PE ratio of -29.44. TeraGo has a twelve month low of C$6.67 and a twelve month high of C$13.06. The firm’s fifty day simple moving average is C$10.89.

About TeraGo

TeraGo Inc, together with its subsidiaries, provides connectivity, colocation, and enterprise infrastructure cloud services for businesses primarily in Canada. The company owns and operates a carrier-grade multi-protocol label switching enabled wireline and fixed wireless, and Internet protocol communications network that provide Internet access, private interconnection, and data connectivity services.

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