The Kinaxis Inc (KXS) PT Raised to C$75.00

The Kinaxis Inc (KXS) PT Raised to C$75.00

Kinaxis Inc (TSE:KXS) had its target price raised by stock analysts at Laurentian from C$70.00 to C$75.00 in a report released on Monday. Laurentian’s price target suggests a potential upside of 12.40% from the stock’s current price.

A number of other brokerages also recently issued reports on KXS. CIBC increased their price target on shares of Kinaxis from C$52.00 to C$75.00 in a report on Saturday, August 6th. Royal Bank Of Canada increased their price target on shares of Kinaxis from C$52.00 to C$68.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Scotiabank increased their price target on shares of Kinaxis from C$53.00 to C$63.00 and gave the stock a “sector perform” rating in a report on Friday, August 5th. Canaccord Genuity increased their price target on shares of Kinaxis from C$52.00 to C$70.00 and gave the stock a “buy” rating in a report on Saturday, August 6th. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Kinaxis in a report on Monday, September 26th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$68.73.

Kinaxis (TSE:KXS) traded down 1.01% during midday trading on Monday, reaching $65.50. 29,885 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $63.77 and a 200-day moving average of $54.06. Kinaxis has a 12 month low of $32.60 and a 12 month high of $69.85. The stock has a market cap of $1.62 billion and a PE ratio of 142.08.

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