E Automotive Inc. (TSE:EINC) Receives Consensus Rating of “Buy” from Brokerages

E Automotive Inc. (TSE:EINCGet Rating) has been given an average rating of “Buy” by the eight analysts that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$23.50.

A number of brokerages have recently commented on EINC. Scotiabank lifted their price target on shares of E Automotive from C$16.50 to C$17.00 in a research note on Wednesday, March 23rd. Eight Capital dropped their price objective on shares of E Automotive from C$28.00 to C$22.00 and set a “buy” rating on the stock in a report on Wednesday, March 23rd. Laurentian Bank of Canada dropped their price objective on shares of E Automotive to C$21.50 and set a “buy” rating on the stock in a report on Wednesday, March 23rd. ATB Capital raised their price objective on shares of E Automotive from C$27.00 to C$28.00 and gave the stock a “buy” rating in a report on Wednesday, March 23rd. Finally, CIBC dropped their price objective on shares of E Automotive from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a report on Thursday, March 24th.

The business’s 50 day moving average price is C$12.55. E Automotive has a 12 month low of C$10.79 and a 12 month high of C$26.06. The stock has a market capitalization of C$648.65 million and a P/E ratio of -11.53. The company has a debt-to-equity ratio of 7.94, a current ratio of 2.61 and a quick ratio of 2.56.

About E Automotive (Get Rating)

E Automotive Inc provides digital auction and retailing platform for automotive wholesale and retail customers in Canada and the United States. The company operates its platforms under the EDealer and EBlock brands. It also develops, markets, and distributes digital retailing software for the automotive industry.

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Analyst Recommendations for E Automotive (TSE:EINC)

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