Enerflex Ltd (TSE:EFX) Price Target Cut to C$24.00
Enerflex Ltd (TSE:EFX) had its price target cut by stock analysts at CIBC from C$25.00 to C$24.00 in a research report issued on Thursday, StockTargetPrices.com reports. CIBC’s price objective points to a potential upside of 29.94% from the stock’s current price.
Several other brokerages also recently commented on EFX. Scotiabank raised 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. Royal Bank Of Canada raised their price objective on shares of Enerflex from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Raymond James Financial, Inc. raised 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. Finally, Industrial Alliance Securities raised 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. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$23.06.
Enerflex (TSE:EFX) traded down 0.65% on Thursday, hitting $18.35. 70,283 shares of the stock were exchanged. The firm has a market cap of $1.62 billion and a P/E ratio of 119.16. The company has a 50-day moving average of $17.89 and a 200 day moving average of $18.43. Enerflex has a 12 month low of $10.72 and a 12 month high of $20.57.
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In related news, insider Phillip Pyle bought 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was bought at an average cost of C$16.60 per share, with a total value of C$74,700.00. Also, Director Kevin Jerome Reinhart bought 1,750 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average cost of C$17.05 per share, with a total value of C$29,837.50.
Enerflex Company Profile
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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