Jefferies Financial Group Issues Pessimistic Forecast for Element Fleet Management (TSE:EFN) Stock Price

Element Fleet Management (TSE:EFN - Get Free Report) had its target price reduced by stock analysts at Jefferies Financial Group from C$31.00 to C$30.00 in a report released on Monday,BayStreet.CA reports. Jefferies Financial Group's price objective points to a potential upside of 1.32% from the company's previous close.

EFN has been the subject of a number of other reports. Raymond James upped their price target on Element Fleet Management from C$34.00 to C$36.00 in a report on Friday, February 28th. CIBC raised their price target on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, National Bankshares cut their price objective on shares of Element Fleet Management from C$41.00 to C$40.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$34.00.

Element Fleet Management Stock Performance

EFN stock traded down C$0.48 during mid-day trading on Monday, reaching C$29.61. 154,341 shares of the stock traded hands, compared to its average volume of 617,121. The company has a quick ratio of 5.70, a current ratio of 7.04 and a debt-to-equity ratio of 303.64. The business has a 50-day moving average of C$28.62 and a two-hundred day moving average of C$28.85. The firm has a market capitalization of C$8.49 billion, a PE ratio of 24.57, a P/E/G ratio of 2.97 and a beta of 0.91. Element Fleet Management has a 52 week low of C$21.20 and a 52 week high of C$30.49.

Insiders Place Their Bets

In related news, Senior Officer Laura Lee Dottori-Attanasio acquired 18,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of C$27.78 per share, with a total value of C$499,991.40. Also, Senior Officer Carlos David Madrigal Gonzalez bought 2,107 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of C$27.06 per share, for a total transaction of C$57,010.36. Corporate insiders own 0.26% of the company's stock.

Element Fleet Management Company Profile

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets.

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