Enterprise Group (TSE:E) Given New C$2.40 Price Target at Acumen Capital
by Amy Steele · The Cerbat GemEnterprise Group (TSE:E – Get Free Report) had its target price lowered by stock analysts at Acumen Capital from C$2.80 to C$2.40 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Acumen Capital’s target price would indicate a potential upside of 77.78% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. Raymond James cut their price objective on shares of Enterprise Group from C$3.75 to C$3.00 and set an “outperform” rating for the company in a research report on Friday. Fundamental Research set a C$2.75 price target on Enterprise Group and gave the company a “buy” rating in a research note on Tuesday, December 10th.
Enterprise Group Price Performance
Enterprise Group stock traded down C$0.05 during mid-day trading on Friday, reaching C$1.35. 1,060,233 shares of the company were exchanged, compared to its average volume of 489,604. The company has a fifty day simple moving average of C$2.18 and a 200-day simple moving average of C$2.07. The firm has a market cap of C$103.95 million, a PE ratio of 13.15 and a beta of 1.18. The company has a debt-to-equity ratio of 51.73, a current ratio of 3.85 and a quick ratio of 3.18. Enterprise Group has a 12 month low of C$0.84 and a 12 month high of C$2.69.
About Enterprise Group
Enterprise Group, Inc, through its subsidiaries, operates as an equipment rental and construction services company in Canada. The company engages in the specialty equipment rental business. It also rents flameless heaters to the construction, and oil and gas industries. In addition, the company offers oilfield infrastructure site and rental services, including modular/combo equipment, such as fuel, generator, light stand, sewage treatment, medic security, and truck trailer combos.
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