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Element Financial Corp (TSE:EFN) target bumped down to $16.00, released a ratings update earlier today by TD Securities

Yesterday Element Financial Corp (TSE:EFN) traded -0.49% lower at $16.41. The company’s 50-day moving average is $14.31 and its 200-day moving average is $14.43. The last stock close price is up 13.67% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,468,451 shares of the stock were exchanged, down from an average trading volume of 1,491,530

Stating a potential downside of -0.02%, TD Securities reduced the stock price target of Element Financial Corp (TSE:EFN) to $16.00

See Chart Below

Element Financial Corp (TSE:EFN)

Element Financial Corp has a 52 week low of $11.47 and a 52 week high of $19.15 with a P/E ratio of 23.03 The company’s market cap is currently $0.

In addition to TD Securities reporting its target price, a total of 14 firms have issued a report on the stock. The consensus target price is $15.61 with 3 firms rating the stock a strong buy, 7 firms rating the stock a buy, 0 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Element Financial Corp (TSE:EFN)

Element Financial Corporation is a Canada-based independent financial services company. The Company originates, co-invests in and manages asset-based financings and related service programs with operations in Canada, the United States, Australia, New Zealand and Mexico. The Company's operations include approximately four business verticals, such as Fleet Management, which provides vehicle fleet leasing and management solutions and related service programs to North American companies, including service cards, remarketing, maintenance management and accident services; Rail Finance, which provides railcar leasing through vendor financing programs; Commercial and Vendor Finance, which services the mid-ticket finance segment of the equipment finance industry, and Aviation Finance, which originates equipment financing and leasing transactions primarily for the financing of assets, such as helicopters, simulators and business aircraft.

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