CIBC Boosts Enerflex (TSE:EFX) Price Target to C$15.25

Enerflex (TSE:EFX) had its price objective lifted by CIBC from C$11.50 to C$15.25 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price target suggests a potential downside of 18.93% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. BMO Capital Markets raised their price objective on shares of Enerflex from C$18.00 to C$20.00 in a research report on Friday, October 10th. ATB Capital boosted their price target on Enerflex from C$19.50 to C$23.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank Of Canada upped their price objective on Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research note on Friday. TD Securities lifted their target price on Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday. Finally, Desjardins upped their price target on Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a research note on Monday, October 20th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$19.86.

Enerflex Stock Performance

EFX traded down C$0.08 during trading on Friday, hitting C$18.81. 638,623 shares of the stock were exchanged, compared to its average volume of 481,200. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. Enerflex has a 1-year low of C$8.74 and a 1-year high of C$19.40. The stock has a fifty day moving average price of C$15.61 and a two-hundred day moving average price of C$12.47. The firm has a market capitalization of C$2.30 billion, a P/E ratio of 18.09 and a beta of 2.28.

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.