The Royal Bank Of Canada Increases Kinaxis Inc (KXS) Price Target to C$82.00

The Royal Bank Of Canada Increases Kinaxis Inc (KXS) Price Target to C$82.00

Kinaxis Inc (TSE:KXS) had its price target increased by equities researchers at Royal Bank Of Canada from C$72.00 to C$82.00 in a report issued on Friday, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 25.34% from the company’s previous close.

Several other analysts also recently issued reports on the stock. Scotiabank increased their price objective on shares of Kinaxis from C$53.00 to C$63.00 and gave the company a “sector perform” rating in a research report on Friday, August 5th. National Bank Financial reiterated an “outperform overweight” rating on shares of Kinaxis in a research note on Monday, September 26th. RBC Capital Markets increased their target price on Kinaxis from C$68.00 to C$72.00 in a research note on Saturday, August 6th. CIBC increased their target price on Kinaxis from C$52.00 to C$75.00 in a research note on Saturday, August 6th. Finally, BMO Capital Markets increased their target price on Kinaxis from C$55.00 to C$70.00 and gave the company an “outperform” rating in a research note on Saturday, August 6th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Kinaxis has an average rating of “Buy” and a consensus price target of C$68.73.

Kinaxis (TSE:KXS) opened at 65.42 on Friday. The stock has a market cap of $1.61 billion and a price-to-earnings ratio of 141.91. Kinaxis has a 1-year low of $32.60 and a 1-year high of $69.85. The stock has a 50 day moving average of $63.88 and a 200 day moving average of $54.43.

Kinaxis Company Profile

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