Open Text (OTEX) Price Target Raised to C$64.00

Open Text (TSE:OTEX) (NASDAQ:OTEX) had its price target upped by Barclays from C$63.00 to C$64.00 in a research note issued to investors on Monday, February 4th.

OTEX traded up C$0.77 during trading on Monday, hitting C$50.65. 624,700 shares of the company traded hands, compared to its average volume of 617,149. Open Text has a 1 year low of C$42.10 and a 1 year high of C$51.98. The stock has a market capitalization of $13.61 billion and a price-to-earnings ratio of 52.22. The company has a debt-to-equity ratio of 69.14, a quick ratio of 1.24 and a current ratio of 1.33.

About Open Text

Open Text Corporation provides a suite of software products and services. The company offers content services; digital process automation, which enables organizations to transform into digital and data-driven businesses through automation; and discovery suite that provides forensics and unstructured data analytics for searching, collecting, and investigating enterprise data to manage legal obligations and risk.

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