Enerflex (TSE:EFX) Price Target Raised to C$20.00

Key Points

• Investment analysts at BMO Capital Markets raised their target price for Enerflex from C$18.00 to C$20.00, indicating a potential upside of 29.03% from the stock's previous close.
• Other analysts also increased their price targets for Enerflex, with TD Securities setting a target of C$17.00 and ATB Capital raising it to C$19.00, all while maintaining "buy" or "outperform" ratings.
• Currently, Enerflex holds a market capitalization of C$1.92 billion and has an average rating of "Moderate Buy" based on analyst consensus.

Enerflex (TSE:EFX - Get Free Report) had its target price raised by investment analysts at BMO Capital Markets from C$18.00 to C$20.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets' target price suggests a potential upside of 29.03% from the stock's previous close.

EFX has been the topic of a number of other reports. TD Securities raised their price objective on Enerflex from C$15.00 to C$17.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Raymond James Financial raised their price objective on Enerflex from C$17.75 to C$18.25 and gave the company an "outperform" rating in a research note on Friday, August 8th. ATB Capital lifted their target price on Enerflex from C$16.50 to C$19.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, Royal Bank Of Canada raised their price target on Enerflex from C$13.00 to C$15.00 and gave the stock an "outperform" rating in a report on Thursday, September 25th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Enerflex has an average rating of "Moderate Buy" and a consensus target price of C$17.18.

Enerflex Stock Performance

Shares of Enerflex stock traded down C$0.57 during trading hours on Friday, hitting C$15.50. 191,724 shares of the company were exchanged, compared to its average volume of 482,924. The business has a 50-day moving average of C$14.04 and a 200-day moving average of C$11.54. Enerflex has a 1 year low of C$8.74 and a 1 year high of C$16.44. The stock has a market capitalization of C$1.92 billion, a price-to-earnings ratio of 14.90 and a beta of 2.37. 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 Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.