Enghouse Systems (TSE:ENGH) Price Target Cut to C$25.00 by Analysts at CIBC

Key Points

• CIBC has lowered its price target for Enghouse Systems from C$25.50 to C$25.00, maintaining a "negative" rating and suggesting a potential upside of 19.33% from the current price.
• Royal Bank of Canada has also reduced its price objective on Enghouse Systems from C$26.00 to C$24.00 with a "sector perform" rating.
• Enghouse Systems remains stagnant at C$20.95 in mid-day trading, below its 52-week high of C$34.42 and with a market cap of C$1.15 billion.

Enghouse Systems (TSE:ENGH - Get Free Report) had its target price decreased by analysts at CIBC from C$25.50 to C$25.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a "negative" rating on the stock. CIBC's price objective would suggest a potential upside of 19.27% from the company's previous close.

Separately, Royal Bank Of Canada lowered their price target on shares of Enghouse Systems from C$26.00 to C$24.00 and set a "sector perform" rating on the stock in a report on Monday, September 8th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of C$26.00.

Enghouse Systems Trading Up 0.3%

TSE ENGH traded up C$0.07 on Monday, hitting C$20.96. 142,069 shares of the stock were exchanged, compared to its average volume of 129,014. Enghouse Systems has a 52-week low of C$20.44 and a 52-week high of C$34.42. 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 company has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of -4.19 and a beta of 0.02. The company's 50-day moving average price is C$22.71 and its two-hundred day moving average price is C$24.27.

About Enghouse Systems

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.