Elemental Altus Royalties (CVE:ELE) Price Target Raised to C$36.00

Elemental Altus Royalties (CVE:ELE) had its price target raised by Canaccord Genuity Group from C$30.00 to C$36.00 in a research note released on Wednesday morning,BayStreet reports.

Separately, National Bank Financial boosted their target price on Elemental Altus Royalties from C$32.50 to C$35.00 and gave the company an “outperform” rating in a research note on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$35.67.

Elemental Altus Royalties Price Performance

ELE stock opened at C$26.01 on Wednesday. The stock has a market capitalization of C$1.67 billion, a P/E ratio of 433.50 and a beta of 0.82. The business has a 50-day moving average of C$26.01 and a 200-day moving average of C$26.20. Elemental Altus Royalties has a fifty-two week low of C$11.90 and a fifty-two week high of C$34.29.

Elemental Altus Royalties Company Profile

Endesa, SA engages in the generation, distribution, and sale of electricity primarily in Spain and Portugal. The company generates electricity from various energy sources, such as hydroelectric, nuclear, thermal, wind, and solar. As of December 31, 2020, its distributed electricity to approximately 21 million populations covering a total area of approximately 195,488 square kilometers. The company distribution and transmission networks comprise 315,365 kilometers. It also sells energy, as well as provides energy related commercial services.