Element Fleet Management (OTCMKTS:ELEEF) PT Raised to $13.00 at CIBC

Element Fleet Management (OTCMKTS:ELEEF) had its price target boosted by CIBC from $12.00 to $13.00 in a research report report published on Wednesday morning, The Fly reports. They currently have an outperform rating on the stock.

Several other equities research analysts also recently weighed in on ELEEF. Barclays reissued a buy rating and issued a $11.00 target price on shares of Element Fleet Management in a research report on Tuesday, May 12th. TD Securities raised shares of Element Fleet Management from a hold rating to a buy rating and set a $12.00 target price for the company in a research report on Wednesday. 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. Scotiabank lifted their price target on shares of Element Fleet Management from $11.50 to $12.00 and gave the company an outperform rating in a report on Wednesday. Finally, Royal Bank of Canada lifted their price target on shares of Element Fleet Management from $14.00 to $15.00 and gave the company an outperform rating in a report on Wednesday. Seven research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average target price of $12.61.

ELEEF opened at $8.33 on Wednesday. The company has a 50-day moving average of $7.25 and a 200-day moving average of $7.66. Element Fleet Management has a 1-year low of $5.06 and a 1-year high of $10.05.

About Element Fleet Management

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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