Scotiabank Reiterates “Sector Outperform” Rating for Element Financial (EFN)
Element Financial (TSE:EFN)‘s stock had its “sector outperform” rating restated by Scotiabank in a research note issued on Tuesday, Stock Ratings News reports. They currently have a C$18.50 price target on the stock, up from their previous price target of C$16.00. Scotiabank’s target price indicates a potential upside of 28.92% from the company’s current price.
Element Financial (TSE:EFN) traded up 0.98% on Tuesday, hitting $14.49. 5,004,623 shares of the company’s stock traded hands. Element Financial has a one year low of $6.37 and a one year high of $14.84. The stock’s 50-day moving average is $13.74 and its 200-day moving average is $12.73.
A number of other firms have also recently commented on EFN. Analysts at CIBC reiterated a “sector outperform” rating on shares of Element Financial in a research note to investors on Friday, November 15th. Separately, analysts at RBC Capital raised their price target on shares of Element Financial from C$15.00 to C$16.00 in a research note to investors on Friday, November 15th. They now have an “outperform” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Element Financial from C$15.50 to C$16.00 in a research note to investors on Friday, November 15th. They now have an “outperform” rating on the stock. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of C$14.93.
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