Enterprise Group (TSE:E) Price Target Lowered to C$2.40 at Acumen Capital

Enterprise Group (TSE:E) had its target price decreased by equities researchers at Acumen Capital from C$2.80 to C$2.40 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s target price suggests a potential upside of 77.78% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Raymond James dropped their price target on shares of Enterprise Group from C$3.75 to C$3.00 and set an “outperform” rating for the company in a research note on Friday. Fundamental Research set a C$2.75 price target on Enterprise Group and gave the stock a “buy” rating in a research report on Tuesday, December 10th.

Enterprise Group Price Performance

E traded down C$0.05 during midday trading on Friday, reaching C$1.35. 1,060,233 shares of the company’s stock were exchanged, compared to its average volume of 489,604. Enterprise Group has a one year low of C$0.84 and a one year high of C$2.69. The company has a quick ratio of 3.18, a current ratio of 3.85 and a debt-to-equity ratio of 51.73. The business has a 50-day simple moving average of C$2.18 and a two-hundred day simple moving average of C$2.07. The firm has a market capitalization of C$103.95 million, a price-to-earnings ratio of 13.15 and a beta of 1.18.

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.