ECN Capital Corp (ECN) Price Target Increased to C$5.00 by Analysts at Royal Bank of Canada

ECN Capital Corp (TSE:ECN) had its price objective raised by analysts at Royal Bank of Canada from C$4.50 to C$5.00 in a report released on Friday, StockTargetPrices.com reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 32.98% from the stock’s previous close.

A number of other equities analysts have also recently commented on ECN. National Bank Financial increased their target price on ECN Capital Corp from C$4.75 to C$5.00 and gave the company an “outperform” rating in a report on Friday. TD Securities increased their target price on ECN Capital Corp from C$4.50 to C$5.00 and gave the company a “buy” rating in a report on Wednesday, February 22nd. Raymond James Financial, Inc. reissued an “outperform” rating and set a C$4.40 target price on shares of ECN Capital Corp in a report on Tuesday, February 21st. Finally, Scotiabank increased their target price on ECN Capital Corp from C$4.25 to C$4.60 and gave the company an “outperform” rating in a report on Wednesday, February 22nd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$4.61.

Analyst Recommendations for ECN Capital Corp (TSE:ECN)

Shares of ECN Capital Corp (TSE:ECN) traded up 2.39% during trading on Friday, hitting $3.85. The stock had a trading volume of 1,321,615 shares. The firm has a market cap of $1.50 billion and a price-to-earnings ratio of 5.28. The firm’s 50-day moving average is $3.68 and its 200 day moving average is $3.41. ECN Capital Corp has a 52-week low of $2.60 and a 52-week high of $3.93.

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In related news, Director William Wayne Lovatt purchased 100,000 shares of the company’s stock in a transaction dated Thursday, March 23rd. The stock was acquired at an average cost of C$3.42 per share, for a total transaction of C$342,000.00. Also, Director Pierre Lortie purchased 2,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was bought at an average price of C$25.00 per share, with a total value of C$50,000.00. Insiders bought 717,178 shares of company stock valued at $2,740,481 over the last 90 days.

About ECN Capital Corp

ECN Capital Corp is a Canada-based independent commercial finance company. The Company operates across North America in the following verticals of the commercial finance market: Rail Finance, Commercial and Vendor (C&V) Finance, and Commercial Aviation Finance. Through its C&V vertical, the Company provides financing and leasing solutions to manufacturers, dealers, distributors and end-users of capital equipment across a range of industries such as food service, transportation, construction, manufacturing, healthcare, office equipment and technology products.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:ECN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Stock Target Prices

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