Scotiabank Boosts ECN Capital Corp (TSE:ECN) Price Target to C$5.00
ECN Capital Corp (TSE:ECN) had its price objective increased by analysts at Scotiabank from C$4.50 to C$5.00 in a research note issued on Wednesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 27.23% from the company’s current price.
A number of other equities analysts have also commented on the stock. CIBC raised their price target on shares of ECN Capital Corp from C$4.50 to C$5.00 in a research report on Monday, June 12th. Royal Bank Of Canada raised their price target on shares of ECN Capital Corp from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research report on Friday, June 9th. National Bank Financial raised their price target on shares of ECN Capital Corp from C$4.75 to C$5.00 and gave the stock an “outperform” rating in a research report on Friday, June 9th. TD Securities lowered their price target on shares of ECN Capital Corp from C$4.60 to C$4.50 and set an “outperform” rating on the stock in a research report on Friday, May 12th. Finally, Raymond James Financial, Inc. raised their price target on shares of ECN Capital Corp from C$4.40 to C$4.75 and gave the stock an “outperform” rating in a research report on Friday, May 12th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. ECN Capital Corp currently has an average rating of “Buy” and an average target price of C$4.71.
ECN Capital Corp (ECN) traded up 2.04% during mid-day trading on Wednesday, reaching $4.01. 923,204 shares of the company were exchanged. ECN Capital Corp has a 12-month low of $2.60 and a 12-month high of $4.11. The stock has a market capitalization of $1.56 billion and a price-to-earnings ratio of 5.50. The company’s 50 day moving average price is $3.96 and its 200-day moving average price is $3.64.
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In other news, Director Paul James Stoyan bought 17,100 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were purchased at an average cost of C$3.78 per share, with a total value of C$64,638.00. Also, Director Pierre Lortie bought 2,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was purchased at an average cost of C$25.00 per share, for a total transaction of C$50,000.00. Over the last three months, insiders acquired 617,178 shares of company stock worth $2,398,481.
ECN Capital Corp Company Profile
ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset based financing and related service programs in the United States, Canada, and internationally. The company operates through three segments: Rail Finance, Aviation Finance, and Commercial and Vendor Finance.
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