In a report released today, Vincent Colicchio from Barrington maintained a Buy rating on Computer Task (CTG), with a price target of $9. The company’s shares closed yesterday at $4.10, close to its 52-week low of $3.85.
Colicchio observed:
“We expect the company to provide its initial financial guidance for 2019 when it reports earnings in coming weeks.”
According to TipRanks.com, Colicchio ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -14.7% and a 21.1% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and HealthStream.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Computer Task with a $9.25 average price target.
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Computer Task’s market cap is currently $58.62M and has a P/E ratio of 27.33. The company has a Price to Book ratio of 0.86.
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Computer Task Group, Inc. engages in the provision of information technology solutions and staffing services. The firm’s services encompass the information technology business solution life cycle, including phases for planning, developing, implementing, managing, and maintaining the information technology solution.
