Scotiabank Downgrades Enghouse Systems to Hold

By Austin Angelo

Enghouse Systems (TSX: ENGH), the Technology company, has received a rating update from a Wall Street analyst today. The company received a Hold rating from Scotiabank’s analyst Paul Steep, with a C$62 price target.

According to TipRanks.com, Steep is a 4-star analyst with an average return of 7.5% and a 82.8% success rate. Steep 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$63.50.

The company has a one-year high of C$64.39 and a one-year low of C$49.31. Currently, Enghouse Systems has an average volume of 19.66K.

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 Monday at C$62.26, close to its 52-week high of C$64.39.