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ECN Capital (ECN) Gets a Buy Rating from Raymond James


Shares of ECN Capital (ECN) were revisited by a Wall Street analyst today. Analyst Brenna Phelan from Raymond James rated ECN Capital (ECN) a Buy, setting a C$4 price target.

According to TipRanks.com, Phelan is ranked #954 out of 5141 analysts.

Currently, the analyst consensus on ECN Capital is a Strong Buy with an average price target of C$4.70, which is a 29.8% upside from current levels. In a report issued on January 11, CIBC also reiterated a Buy rating on the stock with a C$5 price target.

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ECN Capital’s market cap is currently C$1.16B and has a P/E ratio of 24.3. The company has a Price to Book ratio of 0.81.

ECN Capital Corp. provides consumer credit portfolios to more than ninety U.S. financial institutions. The company originates, manages, and advises on prime consumer credit assets for financial institutions offering unsecured and secured consumer portfolio solutions as well as credit card portfolios.

The company’s shares closed on Monday at C$3.62.

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