Open Text (OTEX) has received a rating update from a Wall Street analyst on November 16. Analyst Stephanie Price from CIBC reiterated a Buy rating, with a C$51 price target on November 16.
Price has an average return of 5.2% when recommending Open Text.
According to TipRanks.com, Price is ranked #1253 out of 4897 analysts.
Read also: Apple (AAPL) Stock Gets Thumbs Up From Morgan Stanley
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Open Text with a C$57 average price target, which is a 30.5% upside from current levels. In a report issued on November 1, Barclays also maintained a Buy rating on the stock with a C$63 price target.
.
Open Text’s market cap is currently C$11.67B and has a P/E ratio of 36.9. The company has a Price to Book ratio of 2.42.
Open Text Corp. enagges in the design, development, marketing, and sales of enterprise information management software and solutions. Its services include consulting services; managed services; learning services; cloud managed services; and optimized service programs. The company was founded on June 26, 1991 and is headquartered in Waterloo, Canada.
The company’s shares closed on Friday at C$43.67.
