ECN Capital (ECN) Received its Third Buy in a Row


Analysts seem to be optimistic about ECN Capital (ECN) lately, with another positive rating update this time from National Bank. Today, analyst Jaeme Gloyn gave a Buy rating to ECN and set a C$5 price target.

According to TipRanks.com, Gloyn is ranked #2397 out of 5220 analysts.

Currently, the analyst consensus on ECN Capital is a Strong Buy with an average price target of C$4.79.

Based on ECN Capital’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$75.13 million. In comparison, last year the company had a GAAP net loss of C$10.88 million.

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 Thursday at C$4.06, close to its 52-week high of C$4.13.

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