Scotiabank Increases Enghouse Systems (ENGH) Price Target to C$66.00

Enghouse Systems (TSE:ENGH) had its target price upped by Scotiabank from C$62.00 to C$66.00 in a research note issued on Monday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would suggest a potential downside of 1.99% from the company’s previous close.

A number of other brokerages also recently commented on ENGH. TD Securities set a C$74.00 price objective on Enghouse Systems and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Royal Bank of Canada raised their price objective on Enghouse Systems from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th.

Shares of Enghouse Systems (TSE ENGH) traded up C$2.77 during mid-day trading on Monday, hitting C$67.34. The company’s stock had a trading volume of 30,478 shares, compared to its average volume of 21,973. Enghouse Systems has a 52 week low of C$49.31 and a 52 week high of C$67.65. The company has a market cap of $1,740.00, a P/E ratio of 35.47 and a beta of 1.04.

In other Enghouse Systems news, insider Stephen Sadler sold 2,100 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of C$62.00, for a total value of C$130,200.00. Insiders sold a total of 62,200 shares of company stock valued at $3,856,400 in the last quarter.

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About Enghouse Systems

Enghouse Systems Limited develops and sells enterprise oriented applications software worldwide. It operates through two segments, Interactive Management Group and Asset Management Group. The Interactive Management Group segment provides customer interaction software and services designed to enhance customer service, enhance efficiency, and manage customer communications across the enterprise.

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