Echelon Financial Holdings Inc (TSE:EFH)’s share price rose 22.6% during trading on Saturday . The stock traded as high as C$14.10 and last traded at C$14.10. Approximately 121,079 shares changed hands during mid-day trading, an increase of 1,792% from the average daily volume of 6,401 shares. The stock had previously closed at C$11.50.

EFH has been the topic of several recent analyst reports. Industrial Alliance Securities increased their price target on shares of Echelon Financial from C$13.00 to C$14.00 in a research note on Friday, August 10th. BMO Capital Markets upgraded shares of Echelon Financial from an “underperform” rating to a “market perform” rating and increased their price target for the company from C$13.00 to C$14.00 in a research note on Friday, August 10th.

Echelon Financial (TSE:EFH) last announced its earnings results on Wednesday, August 8th. The company reported C$0.24 earnings per share (EPS) for the quarter. The business had revenue of C$78.04 million for the quarter. As a group, equities research analysts anticipate that Echelon Financial Holdings Inc will post 1.21000005835461 EPS for the current year.

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About Echelon Financial (TSE:EFH)

Echelon Financial Holdings Inc, through its subsidiaries, provides property and casualty insurance products and services in Canada. It operates in two segments, Personal Lines and Commercial Lines. The Personal Lines segment primarily underwrites non-standard automobile insurance; and insurance for motorcycles, antique and classic vehicles, trailers, motor-homes, recreational vehicles, and personal property.

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