Enghouse Systems (TSE:ENGH) Given New C$25.00 Price Target 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 price objective decreased by stock analysts at CIBC from C$25.50 to C$25.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a "negative" rating on the stock. CIBC's price target points to a potential upside of 19.33% from the company's current price.

Separately, Royal Bank Of Canada decreased their price objective 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. Two research analysts have 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 company currently has a consensus rating of "Reduce" and an average price target of C$26.00.

Enghouse Systems Stock Performance

TSE:ENGH remained flat at C$20.95 during mid-day trading on Monday. 166,920 shares of the company traded hands, compared to its average volume of 125,846. 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 firm has a market cap of C$1.15 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of -4.19 and a beta of 0.02. Enghouse Systems has a 52-week low of C$20.44 and a 52-week high of C$34.42. The company has a fifty day simple moving average of C$22.96 and a two-hundred day simple moving average of C$24.43.

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.

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