In a latest note to investors, a research analyst has provided a rating update for the Conglomerates sector company, Enerflex (EFX). Yesterday, analyst Jon Morrison gave a Buy rating to EFX and set a C$25 price target.
According to TipRanks.com, Morrison is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -15.2% and a 37.6% success rate. Morrison covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Imperial Oil Limited, and Cenovus Energy Inc.
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Enerflex has an analyst consensus of Strong Buy, with a price target consensus of C$24.50, which is a 27.2% upside from current levels. In a report issued on February 22, Raymond James also reiterated a Buy rating on the stock with a C$24 price target.
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The company has a one-year high of C$19.75 and a one-year low of C$13.55. Currently, Enerflex has an average volume of 180.3K.
Enerflex Ltd. engages in the manufacture and distribution of equipment for gas compression facilities, power plants, and other industrial institutions. it operates through the following segments: Canda, USA, and Rest of the World. The company was founded in 1980 and is headquartered in Calgary, Canada.
The company’s shares closed on Tuesday at C$19.26, close to its 52-week high of C$19.75.
