Redknee Solutions Inc (TSE:RKN) has received a consensus rating of “Hold” from the nine analysts that are presently covering the firm. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$2.31.
RKN has been the topic of a number of research analyst reports. RBC Capital Markets decreased their price target on shares of Redknee Solutions from C$2.00 to C$1.75 in a report on Saturday, August 6th. Raymond James Financial Inc. decreased their price target on shares of Redknee Solutions from C$2.50 to C$2.25 and set an “outperform” rating on the stock in a report on Saturday, August 6th. Canaccord Genuity decreased their price target on shares of Redknee Solutions from C$2.00 to C$1.75 and set a “hold” rating on the stock in a report on Saturday, August 6th. Finally, GMP Securities lowered shares of Redknee Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th.
Redknee Solutions (TSE:RKN) opened at 2.16 on Tuesday. The company has a 50-day moving average price of $2.17 and a 200 day moving average price of $1.99. The stock’s market cap is $233.79 million. Redknee Solutions has a 12-month low of $1.33 and a 12-month high of $4.33.
Redknee Solutions Company Profile
Redknee Solutions Inc is a Canada-based company, which offers real-time monetization and subscriber management software products, solutions and services. The Company’s solutions include Redknee Communications Suite, including Revenue Management, fourth generation (4G) Monetization, Cloud Solutions, Marketing Solutions and Customer Experience, and Redknee Connected Suite, including Energy and Utilities, Internet of Things and Retail.
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