Enghouse Systems Gets a Buy Rating from RBC Capital

By Jason Carr

The Technology company, Enghouse Systems (TSX: ENGH), has received a rating update from a Wall Street analyst yesterday. Analyst Paul Treiber from RBC Capital remains bullish on the stock and has a C$65 price target.

According to TipRanks.com, Treiber is a 5-star analyst with an average return of 24.5% and a 84.5% success rate. Treiber covers the Technology sector, focusing on stocks such as CGI Group, Open Text, and Descartes.

Enghouse Systems has an analyst consensus of Moderate Buy, with a price target consensus of C$65.

Enghouse Systems’ market cap is currently C$1.56B and has a P/E ratio of 28.4.

Enghouse Systems Ltd. engages in the development of enterprise software solutions. The company operates through two segments: Interactive Management Group and Asset Management Group.

The company’s shares closed on Friday at C$58.