Element Fleet Management (OTCMKTS:ELEEF) Raised to “Buy” at TD Securities
TD Securities upgraded shares of Element Fleet Management (OTCMKTS:ELEEF) from a hold rating to a buy rating in a research report released on Wednesday, The Fly reports. TD Securities currently has $12.00 price target on the stock.
A number of other research firms have also recently weighed in on ELEEF. Scotiabank decreased their price objective on Element Fleet Management from $12.00 to $11.50 and set an outperform rating for the company in a research report on Wednesday, May 13th. Barclays reaffirmed a buy rating and set a $11.00 price objective on shares of Element Fleet Management in a research report on Tuesday, May 12th. Royal Bank of Canada reaffirmed a buy rating and set a $14.00 price objective on shares of Element Fleet Management in a research report on Monday, July 20th. Finally, CIBC reduced their price target on Element Fleet Management from $13.00 to $12.00 and set an outperform rating for the company in a report on Tuesday, May 12th. Seven analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average price target of $12.61.
Element Fleet Management stock opened at $8.33 on Wednesday. Element Fleet Management has a twelve month low of $5.06 and a twelve month high of $10.05. The stock has a 50 day moving average of $7.25 and a two-hundred day moving average of $7.66.
Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally. The company offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets.
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