CIBC Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its target price lifted by investment analysts at CIBC from C$11.50 to C$15.25 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target would suggest a potential downside of 18.93% from the stock’s previous close.

Several other research firms also recently commented on EFX. Desjardins boosted their price target on shares of Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a research note on Monday, October 20th. Raymond James Financial boosted their target price on Enerflex from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets upped their price target on Enerflex from C$18.00 to C$20.00 in a report on Friday, October 10th. ATB Capital increased their price target on Enerflex from C$19.50 to C$23.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Royal Bank Of Canada boosted their price objective on Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$19.86.

Enerflex Stock Down 0.4%

Shares of TSE EFX traded down C$0.08 during midday trading on Friday, hitting C$18.81. The company’s stock had a trading volume of 638,623 shares, compared to its average volume of 481,200. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. The firm has a market capitalization of C$2.30 billion, a price-to-earnings ratio of 18.09 and a beta of 2.28. The business’s fifty day simple moving average is C$15.61 and its two-hundred day simple moving average is C$12.47. Enerflex has a 1 year low of C$8.74 and a 1 year high of C$19.40.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression.