Scotiabank Lowers ECN Capital (ECN) Price Target to C$4.75
Several other equities research analysts have also recently weighed in on the stock. Raymond James Financial decreased their price objective on shares of ECN Capital from C$5.00 to C$4.75 and set an outperform rating for the company in a research report on Thursday. TD Securities raised their price target on shares of ECN Capital from C$4.50 to C$4.75 and gave the stock a buy rating in a report on Thursday. BMO Capital Markets restated an outperform rating and issued a C$5.20 price target on shares of ECN Capital in a report on Monday, February 26th. Finally, Royal Bank of Canada reduced their price target on shares of ECN Capital from C$5.00 to C$4.50 and set an outperform rating for the company in a report on Friday, December 15th. Seven analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average price target of C$4.87.
Shares of ECN Capital (ECN) opened at C$3.64 on Thursday. ECN Capital has a 12-month low of C$3.00 and a 12-month high of C$4.40. The firm has a market cap of $1,380.00 and a price-to-earnings ratio of -28.00.
In related news, insider Loreto Grimaldi purchased 127,243 shares of ECN Capital stock in a transaction on Thursday, December 14th. The stock was acquired at an average cost of C$3.93 per share, for a total transaction of C$500,064.99. Also, Director Steven Kenneth Hudson purchased 381,728 shares of ECN Capital stock in a transaction on Thursday, December 14th. The stock was bought at an average price of C$3.93 per share, with a total value of C$1,500,191.04.
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ECN Capital 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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