Raymond James Lowers Enterprise Group (TSE:E) Price Target to C$3.00

Enterprise Group (TSE:E) had its price objective dropped by investment analysts at Raymond James from C$3.75 to C$3.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price points to a potential upside of 122.22% from the company’s previous close.

Separately, Fundamental Research set a C$2.75 price target on shares of Enterprise Group and gave the company a “buy” rating in a research note on Tuesday, December 10th.

Enterprise Group Price Performance

Enterprise Group stock traded down C$0.05 during mid-day trading on Friday, reaching C$1.35. 1,060,233 shares of the company’s stock traded hands, compared to its average volume of 489,604. Enterprise Group has a 12-month low of C$0.84 and a 12-month high of C$2.69. The company has a quick ratio of 3.18, a current ratio of 3.85 and a debt-to-equity ratio of 51.73. The stock has a 50 day moving average of C$2.18 and a two-hundred day moving average of C$2.07. The company has a market cap of C$103.95 million, a price-to-earnings ratio of 13.15 and a beta of 1.18.

Enterprise Group Company Profile

Enterprise Group, Inc, through its subsidiaries, operates as an equipment rental and construction services company in Canada. The company engages in the specialty equipment rental business. It also rents flameless heaters to the construction, and oil and gas industries. In addition, the company offers oilfield infrastructure site and rental services, including modular/combo equipment, such as fuel, generator, light stand, sewage treatment, medic security, and truck trailer combos.