Raymond James Forecasts Strong Price Appreciation for Tecsys (TSE:TCS) Stock

Tecsys (TSE:TCS) had its price objective hoisted by analysts at Raymond James from C$45.00 to C$50.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 19.05% from the company’s current price.

Separately, Ventum Financial increased their target price on Tecsys from C$45.00 to C$52.00 in a report on Friday, December 6th.

Tecsys Price Performance

Shares of TSE TCS traded down C$1.57 during midday trading on Thursday, reaching C$42.00. The company’s stock had a trading volume of 15,437 shares, compared to its average volume of 11,025. The company has a market cap of C$619.25 million, a P/E ratio of 241.26 and a beta of 0.65. Tecsys has a fifty-two week low of C$32.00 and a fifty-two week high of C$47.51. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.40 and a current ratio of 1.31. The business’s 50 day moving average price is C$45.25 and its two-hundred day moving average price is C$43.44.

Insider Buying and Selling at Tecsys

In other news, Director David Brereton sold 900 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$45.00, for a total value of C$40,500.00. Company insiders own 17.05% of the company’s stock.

Tecsys Company Profile

Tecsys Inc engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally. The company offers warehouse management, distribution and transportation management, supply management at point-of-use and order management and fulfillment, as well as financial management and analytics solutions.