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.

About Enerflex

Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s inā€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.

Analyst Recommendations for Enerflex (TSE:EFX)

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