Acumen Capital Has Lowered Expectations for Enterprise Group (TSE:E) Stock Price

Enterprise Group (TSE:E) had its target price decreased by Acumen Capital from C$2.80 to C$2.40 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s target price suggests a potential upside of 81.82% from the company’s current price.

E has been the subject of a number of other reports. Fundamental Research set a C$2.75 price objective on Enterprise Group and gave the company a “buy” rating in a research report on Tuesday, December 10th. Raymond James cut their price objective on Enterprise Group from C$3.75 to C$3.00 and set an “outperform” rating for the company in a research report on Friday.

Enterprise Group Stock Performance

E opened at C$1.32 on Friday. Enterprise Group has a 12-month low of C$0.84 and a 12-month high of C$2.69. The stock has a market cap of C$101.64 million, a price-to-earnings ratio of 12.86 and a beta of 1.18. The business has a 50 day moving average of C$2.16 and a 200-day moving average of C$2.06. The company has a quick ratio of 3.18, a current ratio of 3.85 and a debt-to-equity ratio of 51.73.

About Enterprise Group

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.