Element Fleet Management Corp (TSE:EFN) had its target price dropped by analysts at BMO Capital Markets from C$15.00 to C$11.00 in a report released on Thursday, StockTargetPrices.com reports. BMO Capital Markets’ price target would indicate a potential upside of 26.58% from the company’s current price.

A number of other research firms have also commented on EFN. Royal Bank Of Canada restated a “sector perform” rating on shares of Element Fleet Management Corp in a research report on Wednesday, June 28th. TD Securities reduced their price target on shares of Element Fleet Management Corp from C$13.50 to C$11.00 and set a “hold” rating on the stock in a research report on Friday, July 28th. 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. National Bank Financial reduced their price target on shares of Element Fleet Management Corp from C$11.50 to C$10.00 and set a “sector perform” rating on the stock in a research report on Friday, August 11th. Finally, CIBC reduced their price target on shares of Element Fleet Management Corp from C$15.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Friday, August 11th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$11.20.

Shares of Element Fleet Management Corp (TSE EFN) traded down 0.11% during midday trading on Thursday, hitting $8.69. 1,740,116 shares of the company’s stock traded hands. The firm has a market capitalization of $3.37 billion and a price-to-earnings ratio of 12.97. Element Fleet Management Corp has a 1-year low of $6.20 and a 1-year high of $16.57. The company has a 50 day moving average price of $9.13 and a 200 day moving average price of $11.24.

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In other Element Fleet Management Corp news, insider Kristi Webb purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was acquired at an average cost of C$9.59 per share, with a total value of C$191,800.00. Also, insider Samir Michael Zabaneh purchased 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were acquired at an average cost of C$9.10 per share, with a total value of C$109,200.00. Over the last three months, insiders have purchased 45,160 shares of company stock valued at $426,020.

Element Fleet Management Corp Company Profile

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.

Stock Target Prices

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

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