ECN Capital (TSE:ECN) Price Target Raised to C$2.35 at BMO Capital Markets

ECN Capital (TSE:ECN) had its price target increased by equities researchers at BMO Capital Markets from C$2.00 to C$2.35 in a research note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 11.90% from the stock’s previous close.

Several other research firms have also recently weighed in on ECN. National Bankshares upped their price target on shares of ECN Capital from C$2.25 to C$2.50 in a report on Thursday. CIBC boosted their price objective on ECN Capital from C$2.00 to C$2.25 in a report on Thursday. Finally, TD Securities dropped their target price on shares of ECN Capital from C$2.75 to C$2.00 and set a “hold” rating for the company in a research report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$2.48.

ECN Capital Stock Performance

ECN stock traded down C$0.06 during midday trading on Friday, reaching C$2.10. 496,390 shares of the company’s stock traded hands, compared to its average volume of 374,220. ECN Capital has a 52 week low of C$1.60 and a 52 week high of C$3.10. The company has a 50-day moving average price of C$1.84 and a two-hundred day moving average price of C$2.09. The company has a debt-to-equity ratio of 447.65, a quick ratio of 3.81 and a current ratio of 11.69. The firm has a market capitalization of C$590.35 million, a PE ratio of -3.50, a price-to-earnings-growth ratio of 0.24 and a beta of 1.25.

Insider Buying and Selling

In related news, Director Karen Lynne Martin purchased 25,000 shares of ECN Capital stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average price of C$1.88 per share, for a total transaction of C$46,887.50. 18.43% 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 in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.