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

Enghouse Systems (TSE:ENGH) had its price objective dropped by 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 brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 14.56% from the company’s previous close.

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

Enghouse Systems Price Performance

TSE:ENGH remained flat at C$20.95 on Monday. 166,920 shares of the company’s stock were exchanged, compared to its average volume of 125,846. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.84 and a current ratio of 1.81. Enghouse Systems has a 12-month low of C$20.44 and a 12-month high of C$34.42. The company has a 50 day moving average of C$22.96 and a two-hundred day moving average of C$24.43. The firm has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of -4.19 and a beta of 0.02.

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.