Sylogist (CVE:SYZ) was downgraded by Cormark from a “top pick” rating to a “buy” rating in a report released on Wednesday, BayStreet.CA reports. They presently have a C$15.00 target price on the stock, down from their previous target price of C$17.00. Cormark’s target price would suggest a potential upside of 30.43% from the stock’s current price.
Shares of CVE SYZ traded down C$0.19 during mid-day trading on Wednesday, hitting C$11.50. The company had a trading volume of 10,971 shares, compared to its average volume of 11,224. The stock has a market cap of $257.45 million and a P/E ratio of 20.91. Sylogist has a 1-year low of C$10.84 and a 1-year high of C$14.76. The business’s 50-day moving average price is C$11.41.
Sylogist (CVE:SYZ) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C$0.11 earnings per share (EPS) for the quarter. The company had revenue of C$9.50 million during the quarter, compared to analyst estimates of C$9.70 million. Equities research analysts predict that Sylogist will post 0.6399999 earnings per share for the current year.
Sylogist Company Profile
Sylogist Ltd. provides enterprise resource planning (ERP) solutions to local governments, non-profit and non-governmental organizations, and K-12 education markets in Canada, the United States, the United Kingdom, and internationally. It offers Serenic Navigator solutions comprises accounting and financial management, award and budget management, payroll and human resources, analytics and decision support, reporting, deposits and loans, and field connect products.
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