Stating a potential upside of 0.15%, RBC Capital Markets upped the price target of OpenText Corporation (TSE:OTC) to $94.00
On 10/27/2016, TD Securities reported on OpenText Corporation (TSE:OTC) increased the target price from $0.00 to $74.00. At the time, this indicated a possible downside of -0.11%.
Just yesterday OpenText Corporation (TSE:OTC) traded 0.20% higher at $81.40. OTC’s 50-day average is $84.79 and its two hundred day average is $79.13. With the last close up 2.87% from the 200-day moving average, compared to the S&P 500 which has decreased -0.02% over the date range. Volume of trade was up over the average, with 261,894 shares of OTC changing hands over the typical 194,305
Recent Performance Chart
OpenText Corporation has 52 week low of $57.93 and a 52 week high of $87.50 with a price-earnings ratio of 34.94 and has a total market value of $0.
A total of 12 equity analysts have released a ratings update on OTC. zero equity analysts rating the stock a strong buy, 6 brokers rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $65.89.
Brief Synopsis About OpenText Corporation (TSE:OTC)
Open Text Corporation provides a platform and suite of software products and services that assist organizations in finding, utilizing, and sharing business information from any device. The Company designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. Its EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics. Its software and services allow organizations to manage the information that flows into, out of, and throughout the enterprise as part of daily operations. Its solutions incorporate collaborative and mobile technologies and are delivered for on-premises deployment, as well as through cloud, hybrid and managed hosted services models. In addition, the Company provides solutions that facilitate the exchange of information and transactions that occur between supply chain participants.
The post RBC Capital Markets announced OpenText Corporation (TSE:OTC), bumping its price target to $94.00 earlier today appeared first on Octafinance.