Scotia Capital disclosed Element Financial Corp (TSE:EFN), boosting its price target to $20.00 earlier today
- Updated: September 27, 2016
Indicating a possible upside of 0.25%, Scotia Capital bumped up the target of Element Financial Corp (TSE:EFN) to $20.00
On 9/22/2016, CIBC World Markets released a statement on Element Financial Corp (TSE:EFN) dropped the target price from $22.00 to $20.00 that suggested an upside of 0.26%.
Having a price of $16.03, Element Financial Corp (TSE:EFN) traded 1.39% higher on the day. The last closing price is up 11.36% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. EFN has recorded a 50-day moving average of $14.13 and a 200-day moving average of $14.39. 2,479,601 shares of EFN traded hands, up from an average trading volume of 1,446,060
Recent Performance Chart
Element Financial Corp has 52 week low of $11.47 and a 52 week high of $19.15 with a PE ratio of 22.51 and has a market capitalization of $0.
In addition to Scotia Capital reporting its stock price target, a total of 13 brokerages have issued a ratings update on the company. The average stock price target is $15.57 with 3 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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