Electronics For Imaging, Inc. (NASDAQ:EFII) announced that it has acquired Group Rhapso S.A., a printing and packaging software solutions developer based in Les Ulis, France. While financial terms of the acquisition were not disclosed, it is not expected to be material to EFI’s Q2 or full-year 2014 results. Rhapso’s employees have joined EFI and will be integrated into EFI’s European operations. The new acquisition will further strengthen EFI’s ERP leadership position in Europe.
Analysts have a consensus price target of $47 on Electronics For Imaging, Inc.(NASDAQ:EFII) which indicates a 21% upside. The consensus rating of the stock is a BUY with a score of 2.67. There are currently 4 Buy ratings and 2 Hold ratings on the stock.
A recent analyst action consisted of Brean Capital boosting their price target from $50 to $60 on the stock.
Suggested Reading: Most Expensive Diamond