ECN Capital (TSE:ECN) Price Target Raised to C$3.50 at Cormark

by · The Markets Daily

ECN Capital (TSE:ECN – Get Free Report) had its price objective boosted by Cormark from C$2.25 to C$3.50 in a research note issued to investors on Tuesday,BayStreet.CA reports. Cormark’s target price would suggest a potential upside of 18.24% from the company’s current price.

Several other brokerages have also commented on ECN. CIBC upped their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a report on Friday. National Bank Financial raised ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday. BMO Capital Markets lifted their price target on ECN Capital from C$2.00 to C$2.35 in a research report on Friday, August 9th. Finally, National Bankshares increased their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$2.66.

Check Out Our Latest Stock Report on ECN Capital

ECN Capital Trading Down 1.3 %

Shares of TSE:ECN traded down C$0.04 during midday trading on Tuesday, hitting C$2.96. 283,465 shares of the stock traded hands, compared to its average volume of 327,437. The company has a quick ratio of 3.81, a current ratio of 10.77 and a debt-to-equity ratio of 383.08. The stock has a market capitalization of C$832.12 million, a PE ratio of -8.97, a P/E/G ratio of 0.24 and a beta of 1.35. ECN Capital has a one year low of C$1.60 and a one year high of C$3.25. The business’s 50 day moving average is C$2.18 and its two-hundred day moving average is C$1.98.

About ECN Capital

(Get Free Report)

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.

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