Royal Bank Of Canada Cuts Enghouse Systems (TSE:ENGH) Price Target to C$18.00

Enghouse Systems (TSE:ENGH) had its target price reduced by research analysts at Royal Bank Of Canada from C$20.00 to C$18.00 in a research report issued to clients and investors on Thursday,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 11.73% from the stock’s previous close.

ENGH has been the subject of a number of other research reports. TD Securities cut their price target on shares of Enghouse Systems from C$22.00 to C$17.00 and set a “hold” rating for the company in a report on Monday, March 16th. TD decreased their price target on shares of Enghouse Systems from C$17.00 to C$16.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce decreased their target price on shares of Enghouse Systems from C$18.00 to C$17.00 and set a “neutral” rating on the stock in a research report on Thursday. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$17.60.

Enghouse Systems Stock Performance

ENGH stock traded up C$0.03 on Thursday, hitting C$16.11. The company’s stock had a trading volume of 301,024 shares, compared to its average volume of 266,367. The firm has a 50 day moving average of C$17.19 and a two-hundred day moving average of C$18.18. Enghouse Systems has a 1 year low of C$14.80 and a 1 year high of C$24.15. The stock has a market cap of C$877.98 million, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of -4.19 and a beta of 0.01. The company has a current ratio of 1.77, a quick ratio of 1.84 and a debt-to-equity ratio of 1.51.

Enghouse Systems (TSE:ENGH) last announced its quarterly earnings data on Tuesday, June 9th. The company reported C$0.30 EPS for the quarter. The company had revenue of C$114.28 million during the quarter. Enghouse Systems had a net margin of 14.88% and a return on equity of 11.97%. Equities analysts predict that Enghouse Systems will post 1.6991295 EPS for the current fiscal year.

About Enghouse Systems

Enghouse Systems Limited is a Canadian publicly traded company (TSX: ENGH) that provides mission-critical vertically focused enterprise software solutions. Our core technologies are used for contact centers, video communications, virtual healthcare, education, telecommunications, networks, IPTV, public safety and transit. The Company’s two-pronged strategy to grow earnings focuses on both organic growth and acquisitions, which, to date, have been funded through net cash provided by operating activities as the Company has no external debt financing.