RBC Capital Markets announced ECN Capital Corp (TSE:ECN), boosting its stock price target to $4.25 today
- Updated: October 4, 2016
Just yesterday ECN Capital Corp (TSE:ECN) traded 4.85% higher at $3.42. ECN Capital Corp’s 50-day moving average is $3.42 and its 200-day moving average is $3.42. The last stock price is down 1.02% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,875,519 shares of ECN traded hands, down from an average trading volume of 8,343,900
In a report released on 10/04/2016 RBC Capital Markets increased the stock price target of ECN Capital Corp (TSE:ECN) to $4.25 reporting a possible upside of 0.24%.
Previously on 9/29/2016, Scotia Capital released a statement about ECN Capital Corp (TSE:ECN) increased the target price from $0.00 to $4.00. At the time, this indicated a possible upside of 0.16%.
Recent Performance Chart
ECN Capital Corp has 52 week low of $3.18 and a 52 week high of $3.55 and has a market capitalization of $0.
In addition to RBC Capital Markets reporting its target price, a total of 5 firms have reported on the stock. The consensus target price is $3.43 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About ECN Capital Corp (TSE:ECN)
ECN Capital Corp is a Canada-based company engaged in commercial finance business in North America. It consists of Commercial and Vendor (C&V) Finance, and Capital Funds platforms. The Company, through C&V Finance platform, is engaged in vendor financing in North America. Its Capital Funds platform consists of off-balance sheet funds and private debt funds. Its off-balance sheet funds include commercial rail funds and commercial aviation funds. Its private debt funds consist of mid-market finance funds and on-balance sheet. Through C&V Finance platform, it provides various vendor programs. The Company, through its C&V Finance platform, is also engaged in the business of equipment leasing. It offers financing programs for healthcare manufacturers, distributors and practitioners for equipment purchases. It also offers solutions for manufacturers of office and technology equipment. It focuses on financing manufacturers and distributors and end users of heavy equipment and vehicles.
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