Royal Bank Of Canada Lowers Enghouse Systems (TSE:ENGH) Price Target to C$24.00

Key Points

• Royal Bank of Canada has reduced its price target for Enghouse Systems from C$26.00 to C$24.00, maintaining a "sector perform" rating.
• CIBC also lowered their price target to C$25.50 with a "neutral" rating, indicating a generally cautious outlook on the stock.
• Enghouse Systems shares traded flat at C$20.95, with the stock currently showing an average price target of C$26.00 and a market cap of C$1.15 billion.

Enghouse Systems (TSE:ENGH - Free Report) had its price objective cut by Royal Bank Of Canada from C$26.00 to C$24.00 in a report released on Monday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Separately, CIBC cut their price target on shares of Enghouse Systems from C$30.00 to C$25.50 and set a "neutral" rating for the company in a report on Monday, June 9th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Reduce" and an average price target of C$26.00.

Enghouse Systems Price Performance

TSE ENGH traded up C$0.07 on Monday, reaching C$20.96. 142,069 shares of the stock traded hands, compared to its average volume of 129,014. The company has a quick ratio of 1.84, a current ratio of 1.81 and a debt-to-equity ratio of 1.86. The company has a market cap 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 firm's fifty day simple moving average is C$22.71 and its 200 day simple moving average is C$24.27. Enghouse Systems has a 12 month low of C$20.44 and a 12 month high of C$34.42.

Enghouse Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.7%. Enghouse Systems's dividend payout ratio (DPR) is presently 79.41%.

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.