RBC Capital Thinks Enghouse Systems’ Stock is Going to Recover

By Carrie Williams

Enghouse Systems (TSX: ENGH), the Technology company, was revisited by a Wall Street analyst yesterday. RBC Capital’s analyst Paul Treiber reiterates their Buy rating on the shares, with a C$60 price target.

According to TipRanks.com, Treiber is a 5-star analyst with an average return of 18.4% and a 74.1% success rate. Treiber covers the Technology sector, focusing on stocks such as CGI Group, Open Text, and Descartes.

Currently, the analyst consensus on Enghouse Systems is Moderate Buy and the average price target is C$61.50, representing a 21.9% upside.

In a report issued on September 6, Scotiabank also maintained a Buy rating on the stock with a C$63 price target.

Enghouse Systems’ market cap is currently C$1.36B and has a P/E ratio of 27.3.

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$50.46, close to its 52-week high of C$64.39.