Enerflex Ltd (EFX) Rating Reiterated by Scotiabank
Enerflex Ltd (TSE:EFX)‘s stock had its “outperform” rating reaffirmed by equities researchers at Scotiabank in a research report issued to clients and investors on Thursday. They currently have a C$18.00 target price on the stock. Scotiabank’s target price indicates a potential upside of 18.42% from the company’s current price.
Several other brokerages have also recently issued reports on EFX. CIBC raised their target price on shares of Enerflex from C$17.50 to C$18.50 in a report on Wednesday, October 19th. Raymond James Financial Inc. dropped their target price on shares of Enerflex from C$15.00 to C$14.75 and set a “market perform” rating on the stock in a report on Friday, October 7th. TD Securities raised their target price on shares of Enerflex from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Thursday. National Bank Financial raised their target price on shares of Enerflex from C$15.50 to C$17.25 and gave the stock an “outperform” rating in a report on Thursday. Finally, AltaCorp Capital restated an “outperform” rating on shares of Enerflex in a report on Monday, August 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Enerflex presently has a consensus rating of “Buy” and a consensus price target of C$16.14.
Shares of Enerflex (TSE:EFX) opened at 15.20 on Thursday. The company’s market cap is $1.24 billion. The company’s 50-day moving average price is $14.38 and its 200 day moving average price is $12.20. Enerflex has a 12-month low of $8.59 and a 12-month high of $15.41.
Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. The Company operates through three segments: Canada, USA and Rest of World.
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