Element Fleet Management (TSE:EFN) Given a C$43.00 Price Target at Royal Bank Of Canada

Element Fleet Management (TSE:EFN - Get Free Report) has been assigned a C$43.00 price target by stock analysts at Royal Bank Of Canada in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the financial services provider's stock. Royal Bank Of Canada's target price would suggest a potential upside of 29.79% from the company's current price.

A number of other brokerages also recently issued reports on EFN. Keefe, Bruyette & Woods raised Element Fleet Management to a "hold" rating in a research report on Sunday, April 20th. Raymond James Financial upped their target price on shares of Element Fleet Management from C$34.00 to C$36.00 in a report on Friday, February 28th. National Bankshares reduced their price target on shares of Element Fleet Management from C$41.00 to C$40.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Jefferies Financial Group lowered their price target on Element Fleet Management from C$31.00 to C$30.00 in a report on Monday, April 21st. Finally, BMO Capital Markets raised their price objective on shares of Element Fleet Management from C$33.00 to C$35.00 in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$35.38.

Element Fleet Management Price Performance

TSE EFN traded up C$0.75 during mid-day trading on Wednesday, hitting C$33.13. The stock had a trading volume of 276,461 shares, compared to its average volume of 593,517. The firm's 50 day moving average is C$31.43 and its 200 day moving average is C$29.65. The company has a debt-to-equity ratio of 303.64, a current ratio of 7.04 and a quick ratio of 5.70. The stock has a market capitalization of C$9.50 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 2.97 and a beta of 0.91. Element Fleet Management has a twelve month low of C$23.71 and a twelve month high of C$33.27.

Insider Activity

In related news, Senior Officer Carlos David Madrigal Gonzalez sold 10,230 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of C$30.77, for a total transaction of C$314,777.10. Also, Director Luis Manuel Enrique Tellez Kuenzler acquired 4,300 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were bought at an average cost of C$31.58 per share, with a total value of C$135,781.10. Company insiders own 0.26% of the company's stock.

About Element Fleet Management

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.

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