ECN Capital (TSE:ECN)‘s stock had its “outperform” rating reissued by equities research analysts at BMO Capital Markets in a report issued on Thursday. They currently have a C$5.20 price target on the stock. BMO Capital Markets’ target price indicates a potential upside of 47.31% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on ECN. TD Securities dropped their price target on ECN Capital from C$5.00 to C$4.50 and set a “buy” rating for the company in a report on Friday, December 15th. Royal Bank of Canada dropped their price target on ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating for the company in a report on Friday, December 15th. Raymond James Financial set a C$5.00 price target on ECN Capital and gave the company an “outperform” rating in a report on Monday, January 8th. Scotiabank dropped their price target on ECN Capital from C$5.00 to C$4.75 and set an “outperform” rating for the company in a report on Thursday, March 1st. Finally, CSFB reaffirmed an “outperform” rating and set a C$5.00 price target on shares of ECN Capital in a report on Wednesday, April 4th. Seven analysts have rated the stock with a buy rating, ECN Capital presently has an average rating of “Buy” and an average price target of C$4.87.
ECN stock opened at C$3.53 on Thursday. ECN Capital has a fifty-two week low of C$3.00 and a fifty-two week high of C$4.40.
In other news, insider Jr. Donald Frank Glisson acquired 350,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were purchased at an average cost of C$3.63 per share, for a total transaction of C$1,270,500.00.
ECN Capital Company Profile
ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset-based financing and related service programs. The company operates through four segments: Home Improvement Finance, Manufactured Housing Finance, Rail Finance, and Aviation Finance. The Home Improvement Finance segment primarily provides prime and super-prime retail installment contracts to finance home improvement projects in the U.S.
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