CIBC Reiterates a Buy Rating on Element Financial (ELEEF)


In a report issued on January 20, Paul Holden from CIBC reiterated a Buy rating on Element Financial (ELEEF), with a price target of C$15.00. The company’s shares closed last Monday at $9.85, equals to its 52-week high of $9.85.

According to TipRanks.com, Holden is a 4-star analyst with an average return of 7.1% and a 61.5% success rate. Holden covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Manulife Financial, and Sun Life Financial.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Element Financial with a $10.70 average price target, which is a 10.8% upside from current levels. In a report issued on January 5, RBC Capital also maintained a Buy rating on the stock with a C$15.00 price target.

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The company has a one-year high of $9.85 and a one-year low of $5.26. Currently, Element Financial has an average volume of 7,982.

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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.

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