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 - Get Free Report) had its target price lowered by research analysts at Royal Bank Of Canada from C$26.00 to C$24.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective would suggest a potential upside of 14.56% from the company's current price.

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

Enghouse Systems Price Performance

Shares of ENGH remained flat at C$20.95 during trading hours on Monday. The stock had a trading volume of 166,920 shares, compared to its average volume of 125,846. The firm has a market cap of C$1.15 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of -4.19 and a beta of 0.02. The company has a quick ratio of 1.84, a current ratio of 1.81 and a debt-to-equity ratio of 1.86. Enghouse Systems has a 12 month low of C$20.44 and a 12 month high of C$34.42. The business's fifty day moving average is C$22.96 and its 200 day moving average is C$24.43.

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.

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