Open Text (TSX: OTEX), the Technology company, has received a rating update from a Wall Street analyst yesterday. Analyst Stephanie Price from CIBC reiterated a Buy rating
Price has an average return of 11.7% when recommending Open Text.
According to TipRanks.com, Price is ranked #974 out of 4853 analysts.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Open Text with a C$54.50 average price target.
The company has a one-year high of C$50.41 and a one-year low of C$38.65. Currently, Open Text has an average volume of 466.7K.
Open Text Corp. is an independent software company that provides software products and services that assist organizations in finding, utilizing, and sharing business information from any device. Its products and solutions include enterprise content management, digital asset management, cloud, business process management, content management and legal.
The company’s shares closed on Thursday at C$49.18, close to its 52-week high of C$50.41.
