ECN Capital Corp (ECN) Price Target Cut to C$4.50 by Analysts at Scotiabank

ECN Capital Corp (TSE:ECN) had its price objective reduced by Scotiabank from C$4.60 to C$4.50 in a report published on Friday morning. Scotiabank currently has an outperform rating on the stock.

ECN has been the topic of a number of other research reports. Raymond James Financial, Inc. reiterated an outperform rating and issued a C$4.40 price objective on shares of ECN Capital Corp in a research note on Thursday, January 19th. TD Securities reiterated a buy rating and issued a C$5.00 price objective on shares of ECN Capital Corp in a research note on Wednesday, March 8th. Royal Bank of Canada increased their price objective on shares of ECN Capital Corp from C$4.25 to C$4.50 and gave the stock an outperform rating in a research note on Wednesday, February 22nd. Finally, National Bank Financial increased their price objective on shares of ECN Capital Corp from C$4.25 to C$4.75 in a research note on Wednesday, February 22nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of C$4.53.

ECN Capital Corp (TSE:ECN) opened at 3.64 on Friday. ECN Capital Corp has a 52 week low of $2.60 and a 52 week high of $3.93. The stock’s 50 day moving average is $3.69 and its 200 day moving average is $3.31. The stock has a market cap of $1.41 billion and a PE ratio of 45.50.

TRADEMARK VIOLATION NOTICE: “ECN Capital Corp (ECN) Price Target Cut to C$4.50 by Analysts at Scotiabank” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be accessed at https://www.com-unik.info/2017/05/18/ecn-capital-corp-ecn-price-target-cut-to-c4-50-by-analysts-at-scotiabank.html.

In other news, insider Grier Barrett Colter purchased 12,000 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The shares were bought at an average price of C$3.48 per share, for a total transaction of C$41,760.00. Also, Director William Wayne Lovatt purchased 100,000 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The shares were purchased at an average price of C$3.55 per share, for a total transaction of C$355,000.00. In the last 90 days, insiders have purchased 727,178 shares of company stock worth $2,707,241.

ECN Capital Corp Company Profile

ECN Capital Corp is a Canada-based independent commercial finance company. The Company operates across North America in the following verticals of the commercial finance market: Rail Finance, Commercial and Vendor (C&V) Finance, and Commercial Aviation Finance. Through its C&V vertical, the Company provides financing and leasing solutions to manufacturers, dealers, distributors and end-users of capital equipment across a range of industries such as food service, transportation, construction, manufacturing, healthcare, office equipment and technology products.

What are top analysts saying about ECN Capital Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for ECN Capital Corp and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit