In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Element Fleet Management (EFN). Analyst Jaeme Gloyn from National Bank rated Element Fleet Management (EFN) a Buy today, setting a C$10 price target.
According to TipRanks.com, Gloyn is a 3-star analyst with an average return of 5.5% and a 64.3% success rate. Gloyn covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Alaris Royalty Corp, and Element Financial.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Element Fleet Management with a C$9.50 average price target.
Element Fleet Management’s market cap is currently C$3.73B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.15.
Element Fleet Management Corp. engages in the provision of services and financing solutions for commercial vehicle fleets. It operates through the Fleet Management and Non-Core segments. The Fleet Management segment offers core fleet management services. The Non-Core segment includes outsourced servicers that do not form part of the core fleet portfolio.
The company’s shares closed on Thursday at C$8.51, close to its 52-week high of C$8.77.
