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Equities research analysts at Morningstar increased their price target on shares of Technology One Limited (ASX:TNE) from $1.70 to $2.40 in a research note issued to investors on Wednesday, Stock Ratings Network reports. The firm currently has a “fair value” rating on the stock.

Technology One Limited (ASX:TNE) traded up 2.38% during mid-day trading on Wednesday, hitting A$2.580. The stock had a trading volume of 256,774 shares. Technology One Limited has a 1-year low of A$1.545 and a 1-year high of A$2.650. The stock has a 50-day moving average of A$2.43 and a 200-day moving average of A$2.30. The company has a market cap of A$792.7 million and a price-to-earnings ratio of 28.97.

Technology One Limited is an Australia-based company, engaged in the development, marketing, sales, implementation and support of fully integrated enterprise software solutions.

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