Raymond James restated their buy rating on shares of Element Fleet Management (OTCMKTS:ELEEF) in a research report released on Wednesday, AnalystRatings.com reports. They currently have a $12.25 price target on the stock.
Several other research firms have also recently issued reports on ELEEF. TD Securities upgraded Element Fleet Management from a hold rating to a buy rating and set a $12.00 price objective on the stock in a report on Wednesday. Royal Bank of Canada boosted their target price on Element Fleet Management from $14.00 to $15.00 and gave the stock an outperform rating in a report on Wednesday. BMO Capital Markets boosted their target price on Element Fleet Management from $12.00 to $13.00 and gave the stock an outperform rating in a report on Wednesday. Barclays restated a buy rating and set a $11.00 target price on shares of Element Fleet Management in a report on Tuesday, May 12th. Finally, CIBC boosted their target price on Element Fleet Management from $12.00 to $13.00 and gave the stock an outperform rating in a report on Wednesday. Seven analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus target price of $12.61.
ELEEF stock opened at $8.33 on Wednesday. Element Fleet Management has a 12-month low of $5.06 and a 12-month high of $10.05. The business’s 50-day moving average is $7.25 and its 200 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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