Royal Bank of Canada Issues Pessimistic Forecast for Enghouse Systems (TSE:ENGH) Stock Price

Enghouse Systems (TSE:ENGH) had its price target lowered by Royal Bank of Canada from C$43.00 to C$40.00 in a research note issued on Monday,BayStreet.CA reports. Royal Bank of Canada’s price objective would suggest a potential upside of 44.61% from the stock’s previous close.

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

Enghouse Systems Stock Up 1.1 %

ENGH stock traded up C$0.30 during midday trading on Monday, reaching C$27.66. 139,599 shares of the company’s stock traded hands, compared to its average volume of 71,496. Enghouse Systems has a 52 week low of C$27.00 and a 52 week high of C$38.47. The company has a market cap of C$1.53 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of -4.19 and a beta of 0.67. The firm’s fifty day moving average price is C$30.57 and its 200-day moving average price is C$30.28. The company has a quick ratio of 1.84, a current ratio of 1.69 and a debt-to-equity ratio of 2.29.

Insider Buying and Selling at Enghouse Systems

In other Enghouse Systems news, Senior Officer Vincent Mifsud sold 83,800 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of C$32.15, for a total value of C$2,694,170.00. 21.95% of the stock is owned by corporate insiders.

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.