Enghouse Systems (TSE:ENGH) Cut to “Sector Perform” at Royal Bank of Canada

Enghouse Systems (TSE:ENGH) was downgraded by equities research analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research note issued on Friday,BayStreet.CA reports. They currently have a C$3,300.00 target price on the stock, down from their prior target price of C$3,800.00.

Several other analysts have also recently commented on the stock. TD Securities dropped their target price on shares of Enghouse Systems from C$34.00 to C$29.00 and set a “hold” rating for the company in a research report on Monday, December 16th. CIBC decreased their target price on Enghouse Systems from C$37.00 to C$31.00 in a research report on Monday, December 16th.

Enghouse Systems Trading Down 3.4 %

Shares of TSE:ENGH traded down C$0.91 during trading on Friday, hitting C$25.51. 110,133 shares of the company’s stock were exchanged, compared to its average volume of 97,851. The company has a current ratio of 1.81, a quick ratio of 1.84 and a debt-to-equity ratio of 1.86. The firm has a market cap of C$1.42 billion, a P/E ratio of 17.49, a PEG ratio of -4.19 and a beta of 0.67. The firm has a 50-day moving average price of C$26.88 and a two-hundred day moving average price of C$28.80. Enghouse Systems has a 1-year low of C$25.11 and a 1-year high of C$34.42.

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.