Element Fleet Management (TSE:EFN) Price Target Cut to C$30.00 by Analysts at Jefferies Financial Group

Element Fleet Management (TSE:EFN) had its price target reduced by research 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 would indicate a potential upside of 1.15% from the company’s previous close.

EFN has been the topic of a number of other reports. Raymond James boosted their price target on Element Fleet Management from C$34.00 to C$36.00 in a report on Friday, February 28th. CIBC boosted their target price on shares of Element Fleet Management from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, National Bankshares cut their target price 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 note on Thursday, February 27th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Element Fleet Management currently has an average rating of “Buy” and an average target price of C$34.00.

Element Fleet Management Price Performance

Shares of Element Fleet Management stock opened at C$29.66 on Monday. The company has a market capitalization of C$8.50 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.97 and a beta of 0.91. 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 stock’s 50-day simple moving average is C$28.67 and its 200-day simple moving average is C$28.86. 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 Carlos David Madrigal Gonzalez acquired 2,107 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of C$27.06 per share, for a total transaction of C$57,010.36. Also, Senior Officer Laura Lee Dottori-Attanasio bought 18,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of C$27.78 per share, with a total value of C$499,991.40. Corporate insiders own 0.26% of the company’s stock.

About Element Fleet Management

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.