Docebo (TSE:DCBO) Price Target Increased to C$125.00 by Analysts at Laurentian Bank of Canada

Docebo (TSE:DCBO) had its price objective upped by investment analysts at Laurentian Bank of Canada to C$125.00 in a report released on Wednesday, Stock Target Advisor reports. The brokerage currently has a “na” rating on the stock. Laurentian Bank of Canada’s price target indicates a potential upside of 11.39% from the stock’s previous close.

A number of other research analysts have also weighed in on DCBO. National Bankshares raised their price target on shares of Docebo from C$63.80 to C$70.00 and gave the company an “outperform” rating in a research report on Thursday, July 22nd. National Bank Financial lifted their target price on shares of Docebo to C$70.00 and gave the stock an “outperform” rating in a research report on Thursday, July 22nd. CIBC restated an “outperform” rating and issued a C$83.00 target price (down previously from C$93.00) on shares of Docebo in a research note on Friday, August 13th. Cormark increased their price target on Docebo from C$80.00 to C$97.00 in a research report on Friday, August 13th. Finally, Berenberg Bank boosted their price objective on Docebo from C$72.00 to C$82.00 and gave the stock a “na” rating in a research report on Monday, August 16th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$90.00.

Docebo stock traded up C$5.22 during midday trading on Wednesday, reaching C$112.22. The stock had a trading volume of 343,794 shares, compared to its average volume of 104,144. The company has a fifty day moving average price of C$90.75 and a two-hundred day moving average price of C$71.38. Docebo has a 12 month low of C$40.29 and a 12 month high of C$112.64. The company has a current ratio of 4.36, a quick ratio of 4.20 and a debt-to-equity ratio of 1.87. The company has a market capitalization of C$3.67 billion and a P/E ratio of -154.16.

About Docebo

Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system to expedite and enrich the learning process, increase productivity, and grow teams uniformly.

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