Sylogist (TSE:SYZ) PT Raised to C$12.00 at Canaccord Genuity Group

Sylogist (TSE:SYZ) had its price target increased by research analysts at Canaccord Genuity Group from C$10.00 to C$12.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 23.08% from the stock’s current price.

A number of other equities research analysts also recently commented on SYZ. Echelon Wealth Partners upped their price objective on Sylogist from C$11.00 to C$12.50 and gave the company a “buy” rating in a report on Monday, April 15th. Cormark upped their price target on Sylogist from C$10.50 to C$11.00 in a research note on Friday, March 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Sylogist presently has a consensus rating of “Buy” and an average price target of C$12.08.

Sylogist Stock Down 2.5 %

Shares of TSE SYZ opened at C$9.75 on Monday. The company has a current ratio of 0.48, a quick ratio of 0.51 and a debt-to-equity ratio of 51.32. The firm has a market capitalization of C$228.44 million, a PE ratio of 487.50 and a beta of 0.84. The firm’s 50-day moving average is C$9.32 and its 200-day moving average is C$8.49. Sylogist has a 1 year low of C$6.46 and a 1 year high of C$10.79.

Sylogist (TSE:SYZ) last released its earnings results on Thursday, May 9th. The company reported C($0.02) EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.06). The business had revenue of C$16.31 million for the quarter, compared to analyst estimates of C$16.40 million. Sylogist had a return on equity of 1.27% and a net margin of 0.74%. Equities analysts expect that Sylogist will post 0.1501336 EPS for the current year.

Insider Transactions at Sylogist

In related news, Director Tracy Edkins bought 3,222 shares of the company’s stock in a transaction on Friday, April 19th. The shares were purchased at an average cost of C$9.31 per share, for a total transaction of C$29,996.82. 3.39% of the stock is currently owned by insiders.

About Sylogist

Sylogist Ltd., a software company, provides mission-critical software-as-a-service solutions in Canada, the United States, and the United Kingdom. The company offers SylogistMission constituent relationship management system, which includes donor management, fundraising, volunteer management, and program delivery; and enterprise resource management, such as accounting and financial management, grant and award management, budget management, payroll and human resources, analytics and reporting, and support and training.