The Financial sector company, Element Fleet Management (EFN), has received a rating update from a Wall Street analyst on November 27. Phil Hardie, an analyst with Scotiabank, has upgraded their rating on EFN to Buy on November 27 , with a C$9.50 price target.
According to TipRanks.com, Hardie is a 3-star analyst with an average return of 1.7% and a 47.9% success rate. Hardie covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Alaris Royalty Corp, and Element Financial.
Currently, the analyst consensus on Element Fleet Management is a Strong Buy with an average price target of C$9.56.
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 1.35M.
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 Friday at C$7.05.