Enghouse Systems (TSE:ENGH) Price Target Cut to C$22.00 by Analysts at Royal Bank Of Canada

Enghouse Systems (TSE:ENGH) had its target price lowered by Royal Bank Of Canada from C$24.00 to C$22.00 in a research note published on Wednesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other research analysts have also recently weighed in on the stock. UBS Group dropped their price objective on shares of Enghouse Systems from C$22.00 to C$20.00 in a research report on Monday, December 8th. CIBC decreased their price objective on Enghouse Systems from C$25.50 to C$25.00 and set a “negative” rating on the stock in a research report on Monday, September 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of C$22.33.

Enghouse Systems Trading Up 1.9%

Shares of TSE ENGH opened at C$21.33 on Wednesday. Enghouse Systems has a 1-year low of C$19.48 and a 1-year high of C$28.53. The company has a 50-day moving average of C$20.45 and a two-hundred day moving average of C$21.87. The company has a market cap of C$1.18 billion, a PE ratio of 15.92, a P/E/G ratio of -4.19 and a beta of -0.28. The company has a current ratio of 1.81, a quick ratio of 1.84 and a debt-to-equity ratio of 1.86.

Enghouse Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 28th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Friday, November 14th. Enghouse Systems’s payout ratio is currently 83.58%.

About Enghouse Systems

Enghouse Systems Ltd is a Canada-based provider of software and services to a variety of end markets. The firm’s operations are organized in two segments namely, the Interactive Management Group and the Asset Management Group. The firm has operations in Canada, the United States, the United Kingdom, France, Germany, Sweden, Israel, Croatia, Denmark, Norway, India, Japan, Hong Kong, Singapore, and Australia etc.