GMP FirstEnergy Thinks Enghouse Systems’ Stock is Going to Recover

By Austin Angelo

Enghouse Systems (TSX: ENGH), the Technology company was revisited on September 8, and remains undervalued for at least one analyst on the street. The company received a Buy on September 8 from GMP FirstEnergy’s analyst Deepak Kaushal, with a C$67 price target.

According to TipRanks.com, Kaushal is ranked #1989 out of 4635 analysts.

Currently, the analyst consensus on Enghouse Systems is Strong Buy and the average price target is C$62.67, representing a 24.9% upside.

In a report issued on August 31, RBC Capital also upgraded the stock to Buy with a C$62 price target.

Based on Enghouse Systems’ latest earnings report for the quarter ending July 31, the company posted quarterly revenue of C$82.76 million and quarterly net profit of C$11.18 million. In comparison, last year the company earned revenue of C$76.35 million and had a net profit of C$10.38 million.

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 Monday at C$50.19, close to its 52-week high of C$64.39.