Element Financial (TSE:EFN) had its price objective boosted by analysts at CIBC from C$11.00 to C$12.00 in a report released on Wednesday. The brokerage presently has an “outperform” rating on the financial services provider’s stock. CIBC’s price target suggests a potential upside of 14.72% from the company’s previous close.

Other research analysts have also issued research reports about the stock. TD Securities upped their price target on shares of Element Financial from C$9.50 to C$10.50 in a research note on Wednesday, October 18th. BMO Capital Markets decreased their price target on shares of Element Financial from C$15.00 to C$11.00 in a research note on Thursday, August 17th. Raymond James Financial lowered shares of Element Financial from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from C$16.00 to C$13.00 in a research note on Thursday, August 17th. National Bank Financial upped their price target on shares of Element Financial from C$10.00 to C$10.50 and gave the company a “sector perform” rating in a research note on Tuesday, November 7th. Finally, Scotiabank decreased their price target on shares of Element Financial from C$13.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 17th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Element Financial currently has a consensus rating of “Hold” and an average price target of C$11.60.

Shares of Element Financial (EFN) traded up C$0.84 on Wednesday, reaching C$10.46. 2,418,023 shares of the company were exchanged, compared to its average volume of 1,895,690. Element Financial has a twelve month low of C$6.20 and a twelve month high of C$14.42.

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Element Financial Company Profile

Element Fleet Management Corp. operates as a fleet management company in North America. The company offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets.

Analyst Recommendations for Element Financial (TSE:EFN)

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