Element Fleet Management (TSE:EFN – Get Free Report) was upgraded by analysts at Royal Bank Of Canada to a “moderate buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm currently has a C$43.00 target price on the financial services provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 29.91% from the stock’s previous close.
A number of other brokerages have also recently issued reports on EFN. Jefferies Financial Group dropped their price target on shares of Element Fleet Management from C$31.00 to C$30.00 in a research note on Monday, April 21st. National Bankshares dropped their price target on shares of Element Fleet Management from C$41.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Keefe, Bruyette & Woods upgraded shares of Element Fleet Management to a “hold” rating in a research note on Sunday, April 20th. Raymond James Financial upped their price target on shares of Element Fleet Management from C$34.00 to C$36.00 in a research note on Friday, February 28th. Finally, BMO Capital Markets upped their price target on shares of Element Fleet Management from C$33.00 to C$35.00 in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$35.38.
Check Out Our Latest Research Report on Element Fleet Management
Element Fleet Management Stock Down 0.0%
Insider Buying and Selling at Element Fleet Management
In other news, Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of C$30.77, for a total transaction of C$314,777.10. Also, Director Luis Manuel Enrique Tellez Kuenzler purchased 4,300 shares of Element Fleet Management stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average cost of C$31.58 per share, with a total value of C$135,781.10. Company insiders own 0.26% of the company’s stock.
Element Fleet Management Company Profile
Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.
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