Enerflex Ltd (TSE:EFX) Given Consensus Recommendation of “Buy” by Brokerages
Enerflex Ltd (TSE:EFX) has been given an average recommendation of “Buy” by the nine research firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$23.19.
Several brokerages have commented on EFX. Royal Bank of Canada upped their price objective on shares of Enerflex from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Scotiabank lifted their price objective on shares of Enerflex to C$30.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Raymond James Financial, Inc. lifted their price objective on shares of Enerflex from C$17.50 to C$21.50 and gave the company an “outperform” rating in a research report on Friday, May 5th. Industrial Alliance Securities lifted their price objective on shares of Enerflex from C$23.00 to C$23.50 and gave the company a “strong-buy” rating in a research report on Wednesday, June 21st. Finally, CIBC lifted their price objective on shares of Enerflex from C$24.50 to C$25.00 in a research report on Wednesday, June 21st.
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In other Enerflex news, insider Phillip Pyle purchased 4,500 shares of the stock in a transaction dated Wednesday, June 21st. The stock was acquired at an average cost of C$16.60 per share, for a total transaction of C$74,700.00. Also, Director Kevin Jerome Reinhart purchased 1,750 shares of the stock in a transaction dated Wednesday, June 21st. The shares were acquired at an average price of C$17.05 per share, with a total value of C$29,837.50.
Enerflex (TSE:EFX) traded up 1.20% during mid-day trading on Monday, hitting $18.60. 68,386 shares of the company traded hands. Enerflex has a one year low of $10.40 and a one year high of $20.57. The firm has a 50 day moving average of $17.92 and a 200 day moving average of $18.30. The firm has a market capitalization of $1.65 billion and a P/E ratio of 120.78.
Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. The Company operates through three segments: Canada, USA and Rest of World.
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