Royal Bank Of Canada Cuts Enghouse Systems (TSE:ENGH) Price Target to C$18.00

Enghouse Systems (TSE:ENGH) had its price target decreased by equities researchers at Royal Bank Of Canada from C$20.00 to C$18.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 11.73% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Canadian Imperial Bank of Commerce dropped their price objective on shares of Enghouse Systems from C$18.00 to C$17.00 and set a “neutral” rating on the stock in a research note on Thursday. TD decreased their price target on shares of Enghouse Systems from C$17.00 to C$16.00 and set a “hold” rating for the company in a report on Thursday. Finally, TD Securities reduced their target price on shares of Enghouse Systems from C$22.00 to C$17.00 and set a “hold” rating for the company in a report on Monday, March 16th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Enghouse Systems presently has an average rating of “Hold” and a consensus price target of C$17.60.

Enghouse Systems Trading Up 0.2%

Enghouse Systems stock traded up C$0.03 during midday trading on Thursday, reaching C$16.11. The stock had a trading volume of 301,024 shares, compared to its average volume of 266,367. The company has a quick ratio of 1.84, a current ratio of 1.77 and a debt-to-equity ratio of 1.51. Enghouse Systems has a 52-week low of C$14.80 and a 52-week high of C$24.15. The firm has a market cap of C$877.98 million, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of -4.19 and a beta of 0.01. The company has a fifty day moving average of C$17.19 and a 200 day moving average of C$18.18.

Enghouse Systems (TSE:ENGH) last issued its earnings results on Tuesday, June 9th. The company reported C$0.30 EPS for the quarter. The business had revenue of C$114.28 million for the quarter. Enghouse Systems had a net margin of 14.88% and a return on equity of 11.97%. On average, analysts anticipate that Enghouse Systems will post 1.6991295 earnings per share for the current fiscal year.

About Enghouse Systems

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.