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RBC Capital Keeps Their Hold Rating on Open Text (OTEX)

Tipranks - Tipranks - Thu Jul 23, 8:54PM CDT

In a report released yesterday, Paul Treiber from RBC Capital maintained a Hold rating on Open Text, with a price target of $27.00.

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According to TipRanks, Treiber is a 5-star analyst with an average return of 8.7% and a 52.53% success rate. Treiber covers the Technology sector, focusing on stocks such as Constellation Software, Kinaxis Inc, and CGI.

In a report released on July 21, Barclays also assigned a Hold rating to the stock with a C$27.00 price target.

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OTEX market cap is currently C$7.96B and has a P/E ratio of 11.38.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OTEX in relation to earlier this year.

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