Information Services (TSE:ISV) Given a C$17.00 Price Target by Royal Bank of Canada Analysts

Information Services (TSE:ISV) has been given a C$17.00 price objective by equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 15.25% from the stock’s previous close.

Separately, CIBC increased their price target on Information Services from C$18.00 to C$18.50 in a report on Tuesday, October 29th.

Shares of TSE ISV traded down C$0.03 during midday trading on Thursday, hitting C$14.75. The company’s stock had a trading volume of 5,902 shares, compared to its average volume of 14,390. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 26.62. The business’s 50 day moving average is C$15.46 and its two-hundred day moving average is C$15.94. Information Services has a 12-month low of C$14.55 and a 12-month high of C$18.10. The firm has a market cap of $260.75 million and a P/E ratio of 16.95.

Information Services (TSE:ISV) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.19 earnings per share for the quarter. The business had revenue of C$32.18 million during the quarter. On average, analysts predict that Information Services will post 0.87 earnings per share for the current fiscal year.

Information Services Company Profile

Information Services Corporation, together with its subsidiaries, provides registry and information management services for public data and records in Canada and internationally. It operates through three segments: Registries, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles, including changes of ownership and the registration of interests in land; land surveys directory that plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system.

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