Redknee Solutions Inc (RKN) Earns “Outperform” Rating from Raymond James Financial, Inc.

Raymond James Financial, Inc. reaffirmed their outperform rating on shares of Redknee Solutions Inc (TSE:RKN) in a research report report published on Thursday. They currently have a C$1.95 target price on the stock.

Several other research firms also recently issued reports on RKN. Royal Bank Of Canada reaffirmed a sector perform rating and set a C$1.75 price objective on shares of Redknee Solutions in a report on Wednesday, February 8th. Canaccord Genuity decreased their price objective on shares of Redknee Solutions from C$1.75 to C$1.50 in a report on Monday, December 12th. Finally, Dundee Securities decreased their price objective on shares of Redknee Solutions from C$2.35 to C$1.60 and set a neutral rating for the company in a report on Monday, December 12th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of C$2.03.

Analyst Recommendations for Redknee Solutions (TSE:RKN)

Shares of Redknee Solutions (TSE:RKN) opened at 1.58 on Thursday. The firm has a 50-day moving average of $1.64 and a 200 day moving average of $1.89. Redknee Solutions has a 1-year low of $1.33 and a 1-year high of $2.75. The stock’s market capitalization is $171.04 million.

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About Redknee Solutions

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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