Raymond James Boosts Tecsys (TSE:TCS) Price Target to C$50.00

Tecsys (TSE:TCS) had its price target increased by Raymond James from C$45.00 to C$50.00 in a research report report published on Thursday,BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

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

Tecsys Stock Down 6.0 %

Shares of TCS stock opened at C$40.97 on Thursday. Tecsys has a fifty-two week low of C$32.00 and a fifty-two week high of C$47.51. The firm has a market capitalization of C$604.07 million, a PE ratio of 235.34 and a beta of 0.65. 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 stock’s 50-day simple moving average is C$45.15 and its 200-day simple moving average is C$43.42.

Insiders Place Their Bets

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

About Tecsys

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.