Royal Bank Of Canada Lowers Enghouse Systems (TSE:ENGH) Price Target to C$22.00

Enghouse Systems (TSE:ENGH) had its target price reduced by investment analysts at Royal Bank Of Canada from C$24.00 to C$22.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 2.09% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. UBS Group reduced their price objective on shares of Enghouse Systems from C$22.00 to C$20.00 in a research note on Monday, December 8th. CIBC cut their target price on Enghouse Systems from C$25.50 to C$25.00 and set a “negative” rating on the stock in a report on Monday, September 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of C$22.33.

Enghouse Systems Stock Up 2.9%

TSE:ENGH traded up C$0.61 during mid-day trading on Wednesday, reaching C$21.55. The stock had a trading volume of 270,984 shares, compared to its average volume of 143,852. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.81 and a quick ratio of 1.84. The stock has a market cap of C$1.19 billion, a P/E ratio of 16.08, a PEG ratio of -4.19 and a beta of -0.28. The business’s 50 day moving average is C$20.44 and its 200 day moving average is C$21.87. Enghouse Systems has a fifty-two week low of C$19.48 and a fifty-two week high of C$28.53.

Enghouse Systems Company Profile

Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm’s operations are organized in two segments namely, the Interactive Management Group and the Asset Management Group. The firm has operations in Canada, the United States, the United Kingdom, France, Germany, Sweden, Israel, Croatia, Denmark, Norway, India, Japan, Hong Kong, Singapore, and Australia etc.