Element Fleet Management (OTCMKTS:ELEEF) had its price target hoisted by Royal Bank of Canada from $14.00 to $15.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has an outperform rating on the stock.
ELEEF has been the topic of a number of other research reports. CIBC lowered their target price on Element Fleet Management from $13.00 to $12.00 and set an outperform rating on the stock in a report on Tuesday, May 12th. Barclays reaffirmed a buy rating and set a $11.00 price objective on shares of Element Fleet Management in a research report on Tuesday, May 12th. Scotiabank increased their target price on shares of Element Fleet Management from $11.50 to $12.00 and gave the stock an outperform rating in a report on Wednesday. TD Securities raised shares of Element Fleet Management from a hold rating to a buy rating and set a $12.00 price target on the stock in a report on Wednesday. Finally, BMO Capital Markets lifted their price target on shares of Element Fleet Management from $12.00 to $13.00 and gave the company an outperform rating in a report on Wednesday. Seven research analysts have rated the stock with a buy rating, Element Fleet Management presently has an average rating of Buy and a consensus price target of $12.61.
ELEEF stock opened at $8.33 on Wednesday. Element Fleet Management has a fifty-two week low of $5.06 and a fifty-two week high of $10.05. The business’s 50-day moving average is $7.25 and its two-hundred day moving average is $7.66.
Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally. 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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