Element Fleet Management Corp. (EFN) Given Average Recommendation of “Hold” by Brokerages

Element Fleet Management Corp. (TSE:EFN) has been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$11.50.

EFN has been the subject of several recent research reports. BMO Capital Markets reduced their price target on shares of Element Fleet Management from C$15.00 to C$11.00 in a report on Thursday, August 17th. Barclays boosted their price target on shares of Element Fleet Management from C$12.00 to C$14.00 in a report on Friday, August 11th. National Bank Financial set a C$11.50 price target on shares of Element Fleet Management in a report on Tuesday, August 8th. TD Securities boosted their price target on shares of Element Fleet Management from C$9.50 to C$10.50 in a report on Wednesday, October 18th. Finally, Credit Suisse Group lowered shares of Element Fleet Management from an “outperform” rating to a “neutral” rating in a report on Friday, August 11th.

Shares of Element Fleet Management (TSE:EFN) opened at C$9.63 on Monday. Element Fleet Management has a twelve month low of C$6.20 and a twelve month high of C$14.42.

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About Element Fleet Management

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.

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