In a new note to investors yesterday, an analyst has provided a rating update for the Financial sector company, Element Fleet Management (TSX: EFN). Analyst Paul Holden from CIBC remains neutral on the stock and has a C$7 price target.
According to TipRanks.com, Holden is ranked #1758 out of 4857 analysts.
Element Fleet Management has an analyst consensus of Moderate Buy, with a price target consensus of C$7.83, implying a 15.5% upside from current levels. In a report released yesterday, Scotiabank also reiterated a Hold rating on the stock with a C$7.50 price target.
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The company has a one-year high of C$11.03 and a one-year low of C$3.21. Currently, Element Fleet Management has an average volume of 2.28M.
Element Fleet Management Corp. engages in the provision of financial services. It operates through the following segments: Commercial and Vendor Finance, Aviation Finance, Fleet Management and Rail Finance. The Commercial and Vendor Finance segment is its vertical servicing the mid-ticket finance segment of the equipment finance industry.
The company’s shares closed on Wednesday at C$6.78.
