The Financial sector company, Element Fleet Management (EFN), has received a rating update from a Wall Street analyst today. The company received a Buy rating from Raymond James’ analyst Brenna Phelan, with a C$10.50 price target.
Phelan has an average return of 13.9% when recommending Element Fleet Management.
According to TipRanks.com, Phelan is ranked #1876 out of 5108 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Element Fleet Management with a C$9.56 average price target, a 34.8% upside from current levels. In a report issued on November 27, Scotiabank also upgraded the stock to Buy with a C$9.50 price target.
.
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 1.32M.
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 Tuesday at C$7.09.
