RBC Capital Upgrades Enghouse Systems to Buy

By Austin Angelo

The Technology company, Enghouse Systems (TSX: ENGH), has received a rating update from a Wall Street analyst on August 31. RBC Capital’s analyst Paul Treiber upgraded ENGH to Buy on August 31 , with a C$62 price target.

According to TipRanks.com, Treiber is a 5-star analyst with an average return of 18.7% and a 77.5% 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 Strong Buy, with a price target consensus of C$64.67.

Based on Enghouse Systems’ latest earnings report for the quarter ending April 30, the company posted quarterly revenue of C$79.54 million and quarterly net profit of C$9.03 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 Friday at C$51.59.