Kinaxis Inc (KXS) Price Target Raised to C$90.00
Kinaxis Inc (TSE:KXS) had its price target upped by equities researchers at Royal Bank Of Canada from C$85.00 to C$90.00 in a report issued on Friday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 26.83% from the company’s previous close.
A number of other research analysts also recently issued reports on KXS. Eight Capital dropped their price target on shares of Kinaxis from C$100.00 to C$90.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. National Bank Financial dropped their target price on shares of Kinaxis from C$100.00 to C$90.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 9th. Laurentian reduced their target price on shares of Kinaxis from C$96.00 to C$83.00 and set a “hold” rating for the company in a research note on Wednesday, August 9th. Scotiabank reduced their target price on shares of Kinaxis from C$87.00 to C$82.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 9th. Finally, CIBC lowered shares of Kinaxis from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from C$100.00 to C$82.00 in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$89.10.
Kinaxis (TSE:KXS) traded up C$9.13 during trading hours on Friday, reaching C$72.41. The company’s stock had a trading volume of 191,930 shares.
In other Kinaxis news, Director Douglas Proctor Colbeth sold 20,600 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of C$74.11, for a total transaction of C$1,526,666.00. Insiders have sold 50,000 shares of company stock worth $3,761,224 over the last quarter.
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.
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