Insider Buying: ECN Capital Corp (ECN) Director Acquires 2,000 Shares of Stock
ECN Capital Corp (TSE:ECN) Director Pierre Lortie purchased 2,000 shares of the stock in a transaction on Thursday, May 25th. The stock was acquired at an average price of C$25.00 per share, with a total value of C$50,000.00.
ECN Capital Corp (TSE:ECN) traded up 1.07% during mid-day trading on Thursday, hitting $3.77. The stock had a trading volume of 811,089 shares. The firm’s 50-day moving average price is $3.70 and its 200-day moving average price is $3.33. The stock has a market cap of $1.46 billion and a PE ratio of 5.17. ECN Capital Corp has a 1-year low of $2.60 and a 1-year high of $3.93.
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ECN has been the subject of several recent analyst reports. TD Securities restated a “buy” rating and issued a C$5.00 price target on shares of ECN Capital Corp in a report on Wednesday, March 8th. Raymond James Financial, Inc. restated an “outperform” rating and issued a C$4.40 price target on shares of ECN Capital Corp in a report on Tuesday, February 21st. Scotiabank increased their price target on ECN Capital Corp from C$4.25 to C$4.60 and gave the stock an “outperform” rating in a report on Wednesday, February 22nd. Royal Bank of Canada increased their price target on ECN Capital Corp from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a report on Wednesday, February 22nd. Finally, National Bank Financial increased their price target on ECN Capital Corp from C$4.25 to C$4.75 in a report on Wednesday, February 22nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$4.53.
ECN Capital Corp Company Profile
ECN Capital Corp is a Canada-based independent commercial finance company. The Company operates across North America in the following verticals of the commercial finance market: Rail Finance, Commercial and Vendor (C&V) Finance, and Commercial Aviation Finance. Through its C&V vertical, the Company provides financing and leasing solutions to manufacturers, dealers, distributors and end-users of capital equipment across a range of industries such as food service, transportation, construction, manufacturing, healthcare, office equipment and technology products.
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