ECN Capital (TSE:ECN) PT Lowered to C$2.25 at Royal Bank of Canada

ECN Capital (TSE:ECN) had its price objective decreased by Royal Bank of Canada from C$3.00 to C$2.25 in a research report sent to investors on Friday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Other equities analysts also recently issued research reports about the stock. TD Securities raised their target price on shares of ECN Capital from C$2.50 to C$3.00 and gave the company a hold rating in a research note on Tuesday, January 23rd. CIBC increased their price target on shares of ECN Capital from C$2.60 to C$3.00 and gave the company a neutral rating in a report on Monday, January 29th. Finally, National Bankshares cut their price target on shares of ECN Capital from C$2.75 to C$2.00 and set a sector perform rating on the stock in a report on Friday. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of C$2.54.

ECN Capital Price Performance

Shares of TSE ECN opened at C$1.80 on Friday. ECN Capital has a fifty-two week low of C$1.60 and a fifty-two week high of C$3.38. The company has a 50 day simple moving average of C$2.63 and a two-hundred day simple moving average of C$2.50. The company has a market capitalization of C$503.91 million, a price-to-earnings ratio of -3.05, a P/E/G ratio of 0.24 and a beta of 1.29. The company has a debt-to-equity ratio of 447.65, a quick ratio of 3.81 and a current ratio of 11.69.

Insider Buying and Selling at ECN Capital

In other news, Director William Wayne Lovatt purchased 200,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average cost of C$1.71 per share, with a total value of C$342,000.00. 17.99% of the stock is currently owned by insiders.

About ECN Capital

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