Royal Bank of Canada Lowers Enghouse Systems (TSE:ENGH) Price Target to C$26.00

Enghouse Systems (TSE:ENGH - Get Free Report) had its target price cut by investment analysts at Royal Bank of Canada from C$30.00 to C$26.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank of Canada's price target points to a potential upside of 12.85% from the company's current price.

Separately, CIBC decreased their price objective on Enghouse Systems from C$30.00 to C$25.50 and set a "neutral" rating for the company in a research report on Monday.

Enghouse Systems Stock Up 0.3%

TSE ENGH traded up C$0.06 during trading on Monday, reaching C$23.04. 157,750 shares of the company's stock were exchanged, compared to its average volume of 110,109. Enghouse Systems has a fifty-two week low of C$22.61 and a fifty-two week high of C$34.42. The firm has a market capitalization of C$1.28 billion, a PE ratio of 15.80, a P/E/G ratio of -4.19 and a beta of 0.67. The company has a current ratio of 1.81, a quick ratio of 1.84 and a debt-to-equity ratio of 1.86. The company's fifty day simple moving average is C$25.26 and its 200-day simple moving average is C$26.57.

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.