Royal Bank Of Canada Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Key Points

• Royal Bank of Canada has raised its price target for Enerflex (TSE:EFX) from C$13.00 to C$15.00, maintaining an "outperform" rating on the stock.
• Other analysts, including TD Securities and ATB Capital, have also increased their price objectives, with Enerflex currently holding a consensus rating of "Moderate Buy".
• The stock recently traded up to C$15.49, and has a market capitalization of C$1.89 billion, reflecting its strong price appreciation potential over the last twelve months.

Enerflex (TSE:EFX - Get Free Report) had its price objective boosted by stock analysts at Royal Bank Of Canada from C$13.00 to C$15.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price points to a potential downside of 3.16% from the stock's current price.

EFX has been the subject of several other research reports. TD Securities lifted their price objective on shares of Enerflex from C$15.00 to C$17.00 and gave the company a "buy" rating in a research note on Friday, August 8th. ATB Capital lifted their price objective on shares of Enerflex from C$16.50 to C$19.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Raymond James Financial boosted their target price on shares of Enerflex from C$17.75 to C$18.25 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, BMO Capital Markets upped their price objective on shares of Enerflex from C$15.00 to C$16.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Enerflex has a consensus rating of "Moderate Buy" and an average target price of C$16.61.

Enerflex Price Performance

Enerflex stock traded up C$0.35 during mid-day trading on Thursday, hitting C$15.49. The company's stock had a trading volume of 330,869 shares, compared to its average volume of 489,067. Enerflex has a twelve month low of C$7.84 and a twelve month high of C$15.59. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. The stock has a market capitalization of C$1.89 billion, a P/E ratio of 14.89 and a beta of 2.39. The stock's fifty day moving average price is C$13.05 and its two-hundred day moving average price is C$11.16.

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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