Enterprise Group (TSE:E) Sets New 1-Year High – Time to Buy?

Enterprise Group, Inc. (TSE:E)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$2.35 and last traded at C$2.29, with a volume of 367763 shares traded. The stock had previously closed at C$2.13.

Analyst Upgrades and Downgrades

E has been the topic of several recent analyst reports. Acumen Capital set a C$2.00 price objective on shares of Enterprise Group and gave the stock a “buy” rating in a report on Monday, August 19th. Fundamental Research set a C$1.90 price target on shares of Enterprise Group and gave the company a “buy” rating in a report on Tuesday, August 20th.

Enterprise Group Stock Performance

The firm has a market cap of C$138.78 million, a P/E ratio of 16.50 and a beta of 1.18. The company has a debt-to-equity ratio of 52.75, a quick ratio of 3.18 and a current ratio of 4.17. The stock’s 50-day moving average is C$1.62 and its 200 day moving average is C$1.33.

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.