Shares of Enerflex Ltd (TSE:EFX) have earned a consensus recommendation of “Buy” from the nine brokerages that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$23.06.

EFX has been the topic of a number of research reports. Raymond James Financial, Inc. raised their target price on shares of Enerflex from C$17.50 to C$21.50 and gave the stock an “outperform” rating in a research note on Friday, May 5th. Royal Bank Of Canada raised their target price on shares of Enerflex from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Scotiabank raised their target price on shares of Enerflex to C$30.00 and gave the stock an “outperform” rating in a research note on Monday, May 8th. CIBC raised their target price on shares of Enerflex from C$24.50 to C$25.00 in a research note on Wednesday, June 21st. Finally, Industrial Alliance Securities raised their target price on shares of Enerflex from C$23.00 to C$23.50 and gave the stock a “strong-buy” rating in a research note on Wednesday, June 21st.

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In other news, Director Kevin Jerome Reinhart purchased 1,750 shares of Enerflex stock in a transaction dated Wednesday, June 21st. The shares were purchased at an average price of C$17.05 per share, with a total value of C$29,837.50. Also, insider Phillip Pyle purchased 4,500 shares of Enerflex stock in a transaction dated Wednesday, June 21st. The shares were purchased at an average cost of C$16.60 per share, for a total transaction of C$74,700.00.

Shares of Enerflex (EFX) traded down 3.41% during midday trading on Friday, reaching $16.13. The company’s stock had a trading volume of 455,028 shares. The firm has a market cap of $1.43 billion and a price-to-earnings ratio of 104.74. Enerflex has a one year low of $11.20 and a one year high of $20.57. The stock’s 50 day moving average price is $18.09 and its 200 day moving average price is $18.47.

Enerflex Company Profile

Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. The Company operates through three segments: Canada, USA and Rest of World.

Analyst Recommendations for Enerflex (TSE:EFX)

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