Shares of Open Text Corp (TSE:OTEX) (NASDAQ:OTEX) have earned an average recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$41.83.
Separately, Macquarie lowered their price objective on Open Text from C$43.00 to C$40.00 in a research report on Thursday, November 23rd.
Open Text (TSE OTEX) traded up C$0.30 during trading hours on Friday, hitting C$42.29. The stock had a trading volume of 504,170 shares, compared to its average volume of 606,144. The firm has a market cap of $11,310.00, a PE ratio of 58.74 and a beta of 0.07. Open Text has a twelve month low of C$38.65 and a twelve month high of C$48.28.
Open Text Company Profile
Open Text Corporation provides a suite of software products and services that assist organizations in finding, utilizing, and sharing business information from various devices. The company offers content solutions that provide content and records management, archiving, and email management and capture solutions, as well as Core, a software as a service based multi-tenant cloud solution; business process management for analyzing, automating, monitoring, and optimizing structured business processes; and customer experience management products, which offer Web content management, digital asset management, customer communications management, social software, and portal.
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