The Financial sector company, Element Fleet Management (EFN), has received a rating update from a Wall Street analyst today. Analyst Jaeme Gloyn from National Bank remains bullish on the stock and has a C$10 price target.
According to TipRanks.com, Gloyn is a 3-star analyst with an average return of 6.4% and a 66.7% 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, a 20.1% upside from current levels. In a report released today, Raymond James also maintained a Buy rating on the stock with a C$10.50 price target.
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The company has a one-year high of C$8.77 and a one-year low of C$3.21. Currently, Element Fleet Management has an average volume of 815.9K.
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 Thursday at C$7.91, close to its 52-week high of C$8.77.
