Cormark Boosts ECN Capital (TSE:ECN) Price Target to C$3.50

ECN Capital (TSE:ECN) had its price objective raised by equities researchers at Cormark from C$2.25 to C$3.50 in a note issued to investors on Tuesday,BayStreet.CA reports. Cormark’s target price points to a potential upside of 18.24% from the stock’s current price.

A number of other research firms also recently commented on ECN. CIBC upped their price objective on ECN Capital from C$2.25 to C$2.50 in a report on Friday. National Bankshares boosted their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. BMO Capital Markets boosted their target price on ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. Finally, National Bank Financial upgraded shares of ECN Capital from a “hold” rating to a “strong-buy” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, ECN Capital has a consensus rating of “Hold” and a consensus target price of C$2.66.

ECN Capital Price Performance

Shares of ECN traded down C$0.04 during mid-day trading on Tuesday, hitting C$2.96. The company’s stock had a trading volume of 283,465 shares, compared to its average volume of 327,437. The firm has a market capitalization of C$832.12 million, a P/E ratio of -8.97, a P/E/G ratio of 0.24 and a beta of 1.35. ECN Capital has a 1-year low of C$1.60 and a 1-year high of C$3.25. The firm has a 50-day simple moving average of C$2.18 and a 200 day simple moving average of C$1.98. The company has a current ratio of 10.77, a quick ratio of 3.81 and a debt-to-equity ratio of 383.08.

About ECN Capital

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.