Tecsys (TSE:TCS – Get Rating) had its target price reduced by analysts at Stifel Nicolaus from C$52.00 to C$48.00 in a research note issued to investors on Monday, BayStreet.CA reports. Stifel Nicolaus’ target price would indicate a potential upside of 45.90% from the company’s current price.
TCS has been the subject of several other reports. Raymond James decreased their price objective on Tecsys from C$60.00 to C$50.00 and set an “outperform” rating for the company in a research report on Thursday. Cormark reduced their price target on shares of Tecsys from C$50.00 to C$47.50 and set an “outperform” rating for the company in a report on Monday. Finally, BMO Capital Markets assumed coverage on shares of Tecsys in a report on Tuesday, April 12th. They set a “buy” rating and a C$54.00 price objective on the stock. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$53.07.
TCS traded down C$0.59 during midday trading on Monday, reaching C$32.90. 4,782 shares of the company were exchanged, compared to its average volume of 30,165. Tecsys has a one year low of C$24.92 and a one year high of C$61.06. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.55 and a current ratio of 1.71. The stock has a market capitalization of C$479.12 million and a P/E ratio of 121.85. The stock’s 50-day simple moving average is C$30.10 and its 200 day simple moving average is C$35.09.
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In other news, Director Kathleen M. Miller purchased 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 15th. The stock was acquired at an average cost of C$32.48 per share, with a total value of C$48,715.68. Following the acquisition, the director now owns 2,500 shares in the company, valued at approximately C$81,192.80.
About Tecsys (Get Rating)
Tecsys Inc engages in the development, marketing, and sale of supply chain management software in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use, and retail order management, as well as financial management and analytics solutions.
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