Kinaxis (TSE:KXS) Given a C$210.00 Price Target by Royal Bank of Canada Analysts

Kinaxis (TSE:KXS) received a C$210.00 target price from stock analysts at Royal Bank of Canada in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 31.38% from the stock’s previous close.

Separately, CIBC reduced their target price on Kinaxis from C$175.00 to C$170.00 in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Kinaxis presently has a consensus rating of “Moderate Buy” and a consensus price target of C$195.00.

Kinaxis Stock Performance

KXS stock opened at C$159.84 on Friday. The business’s 50-day moving average price is C$164.82 and its two-hundred day moving average price is C$165.77. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. The firm has a market cap of C$3.22 billion, a PE ratio of 158.64, a P/E/G ratio of 3.60 and a beta of 0.78. Kinaxis has a 1-year low of C$132.93 and a 1-year high of C$190.17.

Insider Activity

In other news, Senior Officer Andrew William Robert Bell sold 2,064 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of C$156.80, for a total value of C$323,627.77. Following the sale, the insider now directly owns 831 shares in the company, valued at C$130,297.81. The trade was a 71.30 % decrease in their ownership of the stock. Also, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of C$156.26, for a total value of C$340,172.58. Insiders have sold a total of 5,524 shares of company stock worth $876,371 over the last three months. Corporate insiders own 1.20% of the company’s stock.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.