Acumen Capital Has Lowered Expectations for Enterprise Group (TSE:E) Stock Price

Enterprise Group (TSE:E) had its target price decreased by stock analysts at Acumen Capital from C$2.80 to C$2.40 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s target price points to a potential upside of 81.82% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Raymond James dropped their price objective on Enterprise Group from C$3.75 to C$3.00 and set an “outperform” rating for the company in a report on Friday. Fundamental Research set a C$2.75 price objective on Enterprise Group and gave the company a “buy” rating in a report on Tuesday, December 10th.

Enterprise Group Trading Down 5.7 %

TSE E opened at C$1.32 on Friday. The stock has a 50-day simple moving average of C$2.16 and a 200 day simple moving average of C$2.06. The company has a market capitalization of C$101.64 million, a PE ratio of 12.86 and a beta of 1.18. The company has a current ratio of 3.85, a quick ratio of 3.18 and a debt-to-equity ratio of 51.73. Enterprise Group has a 12 month low of C$0.84 and a 12 month high of C$2.69.

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.