Scotiabank Remains a Hold on Enghouse Systems

By Austin Angelo

Wall Street analyst has provided a rating update for the Technology company on March 9, while remaining neutral on the stock. Analyst Paul Steep remains neutral on Enghouse Systems (TSX: ENGH) and has a C$66 price target.

According to TipRanks.com, Steep is a 4-star analyst with an average return of 6.5% and a 76.5% 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$65.50.

The company has a one-year high of C$67.65 and a one-year low of C$49.31. Currently, Enghouse Systems has an average volume of 23.89K.

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 Wednesday at C$67.12, close to its 52-week high of C$67.65.