CIBC Cuts Enghouse Systems (TSE:ENGH) Price Target to C$31.00

Enghouse Systems (TSE:ENGH) had its price objective decreased by investment analysts at CIBC from C$37.00 to C$31.00 in a report issued on Monday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 12.08% from the company’s current price.

Several other equities research analysts have also issued reports on ENGH. TD Securities reduced their price objective 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. Royal Bank of Canada reduced their price objective on shares of Enghouse Systems from C$43.00 to C$40.00 in a research note on Monday.

Enghouse Systems Trading Up 1.1 %

Shares of ENGH 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 firm has a fifty day simple moving average of C$30.57 and a 200-day simple moving average of C$30.28. The stock has a market cap of C$1.53 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of -4.19 and a beta of 0.67. Enghouse Systems has a fifty-two week low of C$27.00 and a fifty-two week high of C$38.47. The company has a current ratio of 1.69, a quick ratio of 1.84 and a debt-to-equity ratio of 2.29.

Insider Buying and Selling

In other Enghouse Systems news, Senior Officer Vincent Mifsud sold 83,800 shares of the business’s stock in a transaction 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 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.