TECSYS (TCS) Rating Lowered to Hold at Beacon Securities

TECSYS (TSE:TCS) was downgraded by equities research analysts at Beacon Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. Beacon Securities also issued estimates for TECSYS’s FY2018 earnings at $0.30 EPS and FY2019 earnings at $0.41 EPS.

Other equities analysts have also issued reports about the stock. Laurentian increased their price objective on shares of TECSYS from C$16.00 to C$18.25 in a research report on Monday. Laurentian Bank of Canada increased their price objective on shares of TECSYS from C$16.00 to C$18.25 in a research report on Monday. Finally, Industrial Alliance Securities reissued a “buy” rating and issued a C$17.00 price objective on shares of TECSYS in a research report on Wednesday, September 27th.

TECSYS (TCS) opened at C$16.03 on Monday. TECSYS has a 1 year low of C$9.24 and a 1 year high of C$17.18.

In related news, Director Vernon Lobo sold 6,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of C$15.95, for a total value of C$95,700.00. Also, Director Peter Brereton sold 67,920 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of C$14.90, for a total transaction of C$1,012,008.00.

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About TECSYS

Tecsys Inc is a Canada-based company engaged in the development, marketing and sale of enterprise-wide supply chain management software for distribution, warehousing, transportation logistics and point-of-use. The Company also provides related consulting, education and support services. Its Supply Chain Platform with Visual Content is a technology for optimizing warehouse management operations.

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