Kinaxis Inc (KXS) Price Target Increased to C$82.00 by Analysts at Royal Bank Of Canada
Kinaxis Inc (TSE:KXS) had its price target raised by stock analysts at Royal Bank Of Canada from C$72.00 to C$82.00 in a note issued to investors on Friday, StockTargetPrices.com reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 29.46% from the stock’s current price.
Other analysts have also issued reports about the stock. CIBC increased their price target on shares of Kinaxis from C$52.00 to C$75.00 in a research report on Saturday, August 6th. BMO Capital Markets raised their target price on shares of Kinaxis from C$55.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Saturday, August 6th. Scotiabank raised their target price on shares of Kinaxis from C$53.00 to C$63.00 and gave the stock a “sector perform” rating in a research report on Friday, August 5th. Canaccord Genuity raised their target price on shares of Kinaxis from C$52.00 to C$70.00 and gave the stock a “buy” rating in a research report on Saturday, August 6th. Finally, RBC Capital Markets raised their target price on shares of Kinaxis from C$68.00 to C$72.00 in a research report on Saturday, August 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Kinaxis has an average rating of “Buy” and a consensus price target of C$64.35.
Kinaxis (TSE:KXS) traded up 3.43% during trading on Friday, hitting $65.51. 11,953 shares of the company’s stock traded hands. Kinaxis has a 12-month low of $32.60 and a 12-month high of $69.85. The stock has a market cap of $1.62 billion and a P/E ratio of 142.10. The firm’s 50-day moving average price is $63.65 and its 200 day moving average price is $53.86.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/14/kinaxis-inc-kxs-price-target-increased-to-c82-00-by-analysts-at-royal-bank-of-canada.html
Kinaxis Company Profile
Kinaxis Inc is a provider of cloud-based subscription software for supply chain operations. The Company offers RapidResponse as a collection of cloud-based configurable applications. The Company’s RapidResponse product provides supply chain planning and analytics capabilities that create the foundation for managing multiple, interconnected supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment and capacity planning.
Receive News & Ratings for Kinaxis Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinaxis Inc and related companies with MarketBeat.com's FREE daily email newsletter.