Stifel Nicolaus cuts Tecsys (TSE:TCS) price target to C$48.00
Tecsys (TSE:TCS – Get an Assessment) had its target price reduced by analysts at Stifel Nicolaus from C$52.00 to C$48.00 in a research note released Monday to investors, 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 lowered his price target 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 cut its price target on Tecsys shares from C$50.00 to C$47.50 and set an “outperform” rating for the company in a Monday report. Finally, BMO Capital Markets assumed coverage for Tecsys shares in a report on Tuesday, April 12. They set a “buy” rating and price target of C$54.00 for the stock. Six equity research analysts gave the stock 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 at C$0.59 in midday trading on Monday, hitting C$32.90. 4,782 shares of the company were traded, against an 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 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.
Separately, director Kathleen M. Miller purchased 1,500 shares of the company in a transaction that took place on Wednesday, June 15. The shares were acquired at an average cost of CA$32.48 per share, with a total value of CA$48,715.68. Following the acquisition, the director now owns 2,500 shares of the company, valued at approximately C$81,192.80.
About Tecsys (Get a 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, point-of-use supply management and retail order management services, as well as financial management and analytics solutions. .
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