Royal Bank of Canada Lowers Enghouse Systems (TSE:ENGH) Price Target to C$26.00

Enghouse Systems (TSE:ENGH) had its price target trimmed by Royal Bank of Canada from C$30.00 to C$26.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Separately, CIBC cut their target price on shares of Enghouse Systems from C$30.00 to C$25.50 and set a “neutral” rating on the stock in a research report on Monday.

Enghouse Systems Stock Performance

Enghouse Systems stock opened at C$23.18 on Monday. 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 has a 1 year low of C$22.61 and a 1 year high of C$34.42. The company has a market cap of C$1.29 billion, a PE ratio of 15.90, a PEG ratio of -4.19 and a beta of 0.67. The company’s 50-day moving average is C$25.32 and its two-hundred day moving average is C$26.67.

Enghouse Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 30th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.18%. This is a boost from Enghouse Systems’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, May 16th. Enghouse Systems’s dividend payout ratio is presently 71.32%.

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.