Open Text Corp (TSE:OTEX) (NASDAQ:OTEX) has earned an average rating of “Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$41.83.
Separately, Macquarie cut their target price on Open Text from C$43.00 to C$40.00 in a research note on Thursday, November 23rd.
Open Text (TSE:OTEX) traded up C$0.25 on Monday, hitting C$42.17. The stock had a trading volume of 484,100 shares, compared to its average volume of 403,587. Open Text has a 1 year low of C$38.65 and a 1 year high of C$48.28.
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About Open Text
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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