Barclays Raises Temenos (OTCMKTS:TMSNY) Price Target to CHF 56

Temenos (OTCMKTS:TMSNYGet Rating) had its price objective hoisted by Barclays from CHF 52 to CHF 56 in a research report released on Monday morning, The Fly reports. Barclays currently has an equal weight rating on the stock.

A number of other brokerages have also recently weighed in on TMSNY. Jefferies Financial Group reduced their target price on Temenos from CHF 74 to CHF 55 in a report on Friday, October 14th. JPMorgan Chase & Co. reduced their target price on Temenos from CHF 125 to CHF 110 and set an overweight rating on the stock in a report on Tuesday, July 26th. Bryan, Garnier & Co cut Temenos from a buy rating to a neutral rating and reduced their target price for the company from CHF 118 to CHF 58 in a report on Monday, October 17th. Kepler Capital Markets cut Temenos from a buy rating to a hold rating and set a CHF 58 target price on the stock. in a report on Friday, October 14th. Finally, Stifel Nicolaus lowered Temenos from a buy rating to a hold rating in a research report on Monday, October 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $67.55.

Temenos Stock Performance

TMSNY stock opened at $61.14 on Monday. Temenos has a 52-week low of $52.10 and a 52-week high of $168.58. The stock’s fifty day simple moving average is $62.96 and its 200-day simple moving average is $77.44.

About Temenos

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Temenos AG develops, markets, and sells integrated banking software systems to banking and other financial institutions worldwide. The company provides Temenos Transact, a banking solution that offers banking software, and data and analytics; and Temenos Payments, a payment solution that gives banks real-time control, customer service experience, and cost efficiencies and risk management solutions.

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