Kinaxis (TSE:KXS) Given a C$210.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a C$210.00 price target on Kinaxis (TSE:KXS) in a research report sent to investors on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Separately, CIBC reduced their target price on shares of Kinaxis from C$175.00 to C$170.00 in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Kinaxis currently has an average rating of “Moderate Buy” and a consensus price target of C$195.00.

Kinaxis Trading Up 1.4 %

Shares of Kinaxis stock opened at C$159.84 on Friday. The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. The business has a fifty day simple moving average of C$164.82 and a two-hundred day simple moving average of C$165.64. Kinaxis has a 1 year low of C$132.93 and a 1 year high of C$190.17. The company has a market capitalization of C$3.22 billion, a price-to-earnings ratio of 158.64, a P/E/G ratio of 3.60 and a beta of 0.78.

Insider Buying and Selling

In other news, Senior Officer Andrew William Robert Bell sold 600 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$177.14, for a total transaction of C$106,281.00. Following the sale, the insider now directly owns 831 shares of the company’s stock, valued at approximately C$147,199.19. This represents a 41.93 % decrease in their position. Also, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of C$156.26, for a total value of C$340,172.58. Over the last three months, insiders have sold 5,524 shares of company stock valued at $876,371. 1.20% of the stock is owned by company insiders.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.