Element Fleet Management Corp (TSE:EFN) has been given a C$11.50 price target by equities research analysts at National Bank Financial in a report issued on Tuesday. National Bank Financial’s target price would suggest a potential upside of 21.31% from the company’s previous close.

A number of other brokerages have also recently weighed in on EFN. CSFB reduced their price target on shares of Element Fleet Management Corp from C$16.00 to C$14.50 in a research report on Thursday, May 11th. TD Securities lifted their price target on shares of Element Fleet Management Corp from C$13.00 to C$13.50 and gave the company a “hold” rating in a research report on Thursday, May 11th. Raymond James Financial, Inc. reduced their price target on shares of Element Fleet Management Corp from C$17.00 to C$16.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 11th. Royal Bank Of Canada cut shares of Element Fleet Management Corp from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$16.00 to C$13.00 in a research report on Monday, April 24th. Finally, Credit Suisse Group reduced their price target on shares of Element Fleet Management Corp from C$16.00 to C$14.50 in a research report on Thursday, May 11th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Element Fleet Management Corp has a consensus rating of “Buy” and a consensus price target of C$13.70.

Shares of Element Fleet Management Corp (TSE:EFN) traded up 0.84% during trading on Tuesday, hitting $9.56. 818,538 shares of the stock traded hands. The firm has a market cap of $3.72 billion and a PE ratio of 11.52. Element Fleet Management Corp has a 52-week low of $6.20 and a 52-week high of $16.57. The company’s 50 day moving average is $9.23 and its 200 day moving average is $11.50.

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In other Element Fleet Management Corp news, insider Samir Michael Zabaneh bought 12,000 shares of the stock in a transaction on Wednesday, June 21st. The stock was purchased at an average price of C$9.10 per share, for a total transaction of C$109,200.00. Also, insider James Halliday bought 13,160 shares of the stock in a transaction on Thursday, June 1st. The shares were acquired at an average price of C$9.50 per share, with a total value of C$125,020.00. Insiders purchased 45,160 shares of company stock worth $426,020 over the last ninety days.

About Element Fleet Management Corp

Element Financial Corporation is an independentfinancial services company that originates, co-invests in and manages asset-based financings with operations in Canada and the United States. The Company operates in four business verticals: Commercial and Vendor Finance, Aviation Finance, Fleet Management and Rail Finance.

Analyst Recommendations for Element Fleet Management Corp (TSE:EFN)

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