ECN Capital (ECN) PT Lowered to C$4.50
ECN Capital (TSE:ECN) had its price target cut by analysts at Royal Bank of Canada from C$5.00 to C$4.50 in a research note issued on Friday. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 16.88% from the stock’s previous close.
Other analysts also recently issued reports about the stock. TD Securities reduced their target price on shares of ECN Capital from C$5.00 to C$4.75 and set a “buy” rating on the stock in a report on Thursday, August 17th. CSFB boosted their target price on shares of ECN Capital from C$4.75 to C$5.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Finally, Raymond James Financial boosted their target price on shares of ECN Capital from C$4.75 to C$5.00 in a report on Thursday, October 26th. Six equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of C$4.86.
Shares of ECN Capital (TSE:ECN) opened at C$3.85 on Friday. ECN Capital has a fifty-two week low of C$2.97 and a fifty-two week high of C$4.40.
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About ECN Capital
ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset based financing and related service programs in the United States, Canada, and internationally. The company operates through three segments: Rail Finance, Aviation Finance, and Commercial and Vendor Finance.
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