RBC Capital Believes Enghouse Systems (TSX: ENGH) Won’t Stop Here

By Austin Angelo

Wall Street analyst has provided a review for the Technology company yesterday, but retained the same rating on the stock. Analyst Paul Treiber from RBC Capital rated Enghouse Systems (TSX: ENGH) a Buy, setting a C$88 price target.

Treiber has an average return of 23.4% when recommending Enghouse Systems.

According to TipRanks.com, Treiber is ranked #288 out of 4842 analysts.

Read also: Broadcom (AVGO): And Here Comes the Downgrade

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enghouse Systems with a C$80.67 average price target.

Based on Enghouse Systems’ latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of C$15.32 million. In comparison, last year the company had a net profit of C$9.03 million.

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

The company’s shares closed on Thursday at C$80.50, close to its 52-week high of C$80.99.