Acumen Capital Cuts Enterprise Group (TSE:E) Price Target to C$2.40

Enterprise Group (TSE:E) had its target price decreased by Acumen Capital from C$2.80 to C$2.40 in a report released on Friday morning,BayStreet.CA reports. Acumen Capital currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on E. Fundamental Research set a C$2.75 price objective on shares of Enterprise Group and gave the company a “buy” rating in a report on Tuesday, December 10th. Raymond James decreased their target price on Enterprise Group from C$3.75 to C$3.00 and set an “outperform” rating for the company in a research note on Friday.

Enterprise Group Stock Performance

E stock opened at C$1.32 on Friday. Enterprise Group has a twelve month low of C$0.84 and a twelve month high of C$2.69. The company has a quick ratio of 3.18, a current ratio of 3.85 and a debt-to-equity ratio of 51.73. The company has a market cap of C$101.64 million, a P/E ratio of 12.86 and a beta of 1.18. The business’s fifty day moving average is C$2.16 and its 200-day moving average is C$2.07.

About Enterprise Group

Enterprise Group, Inc, through its subsidiaries, operates as an equipment rental and construction services company in Canada. The company engages in the specialty equipment rental business. It also rents flameless heaters to the construction, and oil and gas industries. In addition, the company offers oilfield infrastructure site and rental services, including modular/combo equipment, such as fuel, generator, light stand, sewage treatment, medic security, and truck trailer combos.