Enterprise Group (TSE:E) Reaches New 52-Week High – Should You Buy?

Shares of Enterprise Group, Inc. (TSE:E) hit a new 52-week high on Tuesday . The company traded as high as C$2.69 and last traded at C$2.66, with a volume of 255660 shares. The stock had previously closed at C$2.47.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on E shares. Fundamental Research set a C$2.75 price target on Enterprise Group and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Raymond James upgraded Enterprise Group to a “moderate buy” rating in a research note on Wednesday, February 5th.

Enterprise Group Price Performance

The company has a market capitalization of C$204.83 million, a price-to-earnings ratio of 25.91 and a beta of 1.18. The stock has a fifty day simple moving average of C$2.17 and a 200-day simple moving average of C$1.98. The company has a debt-to-equity ratio of 51.73, a current ratio of 3.85 and a quick ratio of 3.18.

Enterprise Group Company Profile

Enterprise Group, Inc, through its subsidiaries, operates as an equipment rental and construction services company in Canada. The company engages in the specialty equipment rental business. It also rents flameless heaters to the construction, and oil and gas industries. In addition, the company offers oilfield infrastructure site and rental services, including modular/combo equipment, such as fuel, generator, light stand, sewage treatment, medic security, and truck trailer combos.