Enerflex (TSE:EFX) Given New C$19.00 Price Target at TD Securities

Key Points

• TD Securities has raised its target price for Enerflex from C$17.00 to C$19.00, indicating a potential upside of 24.51% based on the stock's previous close.
• Other investment firms have also increased their price targets for Enerflex, with BMO Capital Markets setting a new target of C$20.00 and ATB Capital raising it to C$19.00.
• Currently, the stock has a market capitalization of C$1.89 billion and is rated as a "Moderate Buy" with an average price target of C$17.46.

Enerflex (TSE:EFX - Get Free Report) had its target price upped by investment analysts at TD Securities from C$17.00 to C$19.00 in a report issued on Tuesday,BayStreet.CA reports. TD Securities' target price suggests a potential upside of 24.51% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on the company. BMO Capital Markets boosted their price objective on Enerflex from C$18.00 to C$20.00 in a research note on Friday. ATB Capital lifted their target price on shares of Enerflex from C$16.50 to C$19.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Royal Bank Of Canada raised their price objective on shares of Enerflex from C$13.00 to C$15.00 and gave the stock an "outperform" rating in a report on Thursday, September 25th. Finally, Raymond James Financial raised their price objective on shares of Enerflex from C$17.75 to C$18.25 and gave the stock an "outperform" rating in a report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$17.46.

Enerflex Stock Performance

Shares of EFX stock traded up C$0.18 during trading hours on Tuesday, hitting C$15.26. 346,192 shares of the company were exchanged, compared to its average volume of 483,872. The firm has a fifty day simple moving average of C$14.21 and a 200 day simple moving average of C$11.60. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. Enerflex has a 52-week low of C$8.74 and a 52-week high of C$16.44. The stock has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 14.67 and a beta of 2.37.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company's focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression.

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