Brokerages Set Sylogist Ltd. (TSE:SYZ) Price Target at C$12.68

Sylogist Ltd. (TSE:SYZ) has earned an average rating of “Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$12.68.

Several analysts have issued reports on the stock. Canaccord Genuity Group increased their target price on shares of Sylogist from C$10.00 to C$12.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Cormark upped their price target on shares of Sylogist from C$12.25 to C$14.00 in a report on Friday, August 9th. Acumen Capital set a C$13.25 price objective on Sylogist in a research note on Friday, August 9th. Finally, Ventum Cap Mkts upgraded Sylogist to a “strong-buy” rating in a research report on Tuesday, July 16th.

Sylogist Trading Down 0.3 %

Shares of Sylogist stock opened at C$11.25 on Monday. The company’s 50-day moving average price is C$10.30 and its 200-day moving average price is C$9.41. The company has a current ratio of 0.48, a quick ratio of 0.51 and a debt-to-equity ratio of 51.92. Sylogist has a 12-month low of C$6.51 and a 12-month high of C$11.49. The company has a market cap of C$263.59 million, a price-to-earnings ratio of 562.50 and a beta of 0.82.

Sylogist Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.36%. Sylogist’s payout ratio is 200.00%.

Sylogist Company Profile

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.