Enghouse Systems (TSE:ENGH) Downgraded by Royal Bank of Canada to “Sector Perform”

Enghouse Systems (TSE:ENGH) was downgraded by stock analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Friday,BayStreet.CA reports. They currently have a C$3,300.00 price target on the stock, down from their previous price target of C$3,800.00.

A number of other equities analysts have also weighed in on ENGH. TD Securities decreased their price target on shares of Enghouse Systems from C$34.00 to C$29.00 and set a “hold” rating on the stock in a report on Monday, December 16th. CIBC dropped their price target on Enghouse Systems from C$37.00 to C$31.00 in a research note on Monday, December 16th.

Enghouse Systems Stock Down 4.0 %

ENGH opened at C$25.35 on Friday. The stock has a market capitalization of C$1.41 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of -4.19 and a beta of 0.67. Enghouse Systems has a 12 month low of C$25.11 and a 12 month high of C$34.42. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.81 and a quick ratio of 1.84. The business has a 50-day moving average of C$26.85 and a two-hundred day moving average of C$28.77.

About Enghouse Systems

Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm’s operations are organized in two segments namely, the Interactive Management Group and the Asset Management Group. The firm has operations in Canada, the United States, the United Kingdom, France, Germany, Sweden, Israel, Croatia, Denmark, Norway, India, Japan, Hong Kong, Singapore, and Australia etc.