Royal Bank of Canada Has Lowered Expectations for Enghouse Systems (TSE:ENGH) Stock Price

Enghouse Systems (TSE:ENGH) had its target price decreased by equities researchers at Royal Bank of Canada from C$43.00 to C$40.00 in a research report issued on Monday,BayStreet.CA reports. Royal Bank of Canada’s target price points to a potential upside of 44.61% from the stock’s current price.

Separately, TD Securities cut their price target on shares of Enghouse Systems from C$34.00 to C$29.00 and set a “hold” rating for the company in a research note on Monday.

Enghouse Systems Stock Performance

Enghouse Systems stock traded up C$0.30 during mid-day trading on Monday, reaching C$27.66. The company had a trading volume of 139,599 shares, compared to its average volume of 71,496. The company has a quick ratio of 1.84, a current ratio of 1.69 and a debt-to-equity ratio of 2.29. The company has a 50 day moving average of C$30.57 and a 200-day moving average of C$30.28. Enghouse Systems has a 52 week low of C$27.00 and a 52 week high of C$38.47. The firm has a market cap of C$1.53 billion, a price-to-earnings ratio of 18.20, a PEG ratio of -4.19 and a beta of 0.67.

Insider Activity

In related news, Senior Officer Vincent Mifsud sold 83,800 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of C$32.15, for a total transaction of C$2,694,170.00. Corporate insiders own 21.95% of the company’s stock.

Enghouse Systems Company Profile

Enghouse Systems Limited, together with its subsidiaries, develops enterprise software solutions worldwide. It operates through two segments, Interactive Management Group and Asset Management Group. The Interactive Management Group segment provides customer interaction software and services to facilitate remote work, enhance customer service, increase efficiency, and manage customer communications across various types of interactions, including voice, email, web chats, text, and video.