Royal Bank Of Canada Cuts Enghouse Systems (TSE:ENGH) Price Target to C$20.00

Enghouse Systems (TSE:ENGH) had its price objective cut by investment analysts at Royal Bank Of Canada from C$22.00 to C$20.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 29.70% from the stock’s current price.

Separately, UBS Group reduced their price target on shares of Enghouse Systems from C$22.00 to C$20.00 in a research report on Monday, December 8th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Enghouse Systems has an average rating of “Reduce” and an average price target of C$20.50.

Enghouse Systems Price Performance

Shares of TSE ENGH traded up C$0.23 during midday trading on Monday, reaching C$15.42. 504,305 shares of the company traded hands, compared to its average volume of 352,087. The firm has a market cap of C$842.73 million, a PE ratio of 11.51, a PEG ratio of -4.19 and a beta of -0.09. The stock’s 50-day simple moving average is C$18.33 and its 200-day simple moving average is C$19.89. Enghouse Systems has a 12 month low of C$14.80 and a 12 month high of C$27.70. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.84 and a current ratio of 1.68.

Enghouse Systems (TSE:ENGH) last posted its earnings results on Thursday, March 12th. The company reported C$0.32 earnings per share for the quarter. The business had revenue of C$120.10 million for the quarter. Enghouse Systems had a net margin of 13.99% and a return on equity of 11.48%. As a group, equities analysts anticipate that Enghouse Systems will post 1.6991295 earnings per share for the current fiscal year.

Enghouse Systems Company Profile

Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.