TD Securities Has Lowered Expectations for Enghouse Systems (TSE:ENGH) Stock Price

Key Points

• TD Securities has lowered its price target for Enghouse Systems from C$29.00 to C$22.00, maintaining a "hold" rating on the stock.
• Other firms, including CIBC and Royal Bank of Canada, have also cut their price objectives, with current average ratings indicating a general sentiment of "Reduce."
• Enghouse Systems' stock recently traded at C$21.03, down by C$0.06, with a twelve-month range showing lows of C$20.44 and highs of C$33.29.

Enghouse Systems (TSE:ENGH - Get Free Report) had its price target lowered by research analysts at TD Securities from C$29.00 to C$22.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. TD Securities' price objective would indicate a potential upside of 4.61% from the company's previous close.

A number of other research firms have also commented on ENGH. CIBC cut their price objective on Enghouse Systems from C$25.50 to C$25.00 and set a "negative" rating on the stock in a research note on Monday, September 8th. Royal Bank Of Canada cut 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, September 8th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Enghouse Systems has an average rating of "Reduce" and an average price target of C$23.67.

Enghouse Systems Price Performance

ENGH traded down C$0.06 during trading on Friday, hitting C$21.03. 82,787 shares of the stock traded hands, compared to its average volume of 136,543. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.81 and a quick ratio of 1.84. Enghouse Systems has a twelve month low of C$20.44 and a twelve month high of C$33.29. The company has a market cap of C$1.16 billion, a price-to-earnings ratio of 15.46, a PEG ratio of -4.19 and a beta of 0.02. The business has a 50 day moving average price of C$22.02 and a 200 day moving average price of C$23.79.

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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