BMO Capital Markets Trims Element Fleet Management (OTCMKTS:ELEEF) Target Price to C$13.50

Element Fleet Management (OTCMKTS:ELEEFGet Rating) had its target price decreased by BMO Capital Markets from C$14.50 to C$13.50 in a research note issued to investors on Tuesday, The Fly reports.

Several other equities research analysts also recently weighed in on ELEEF. National Bank Financial raised their price target on shares of Element Fleet Management from C$19.00 to C$20.00 in a research report on Tuesday. Royal Bank of Canada lifted their target price on shares of Element Fleet Management from C$17.00 to C$18.00 in a research report on Wednesday, March 2nd. TD Securities lifted their target price on shares of Element Fleet Management from C$12.50 to C$13.00 in a research report on Tuesday. Finally, Raymond James lifted their target price on shares of Element Fleet Management from C$13.25 to C$14.00 in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.64.

Shares of ELEEF traded down $0.20 on Tuesday, hitting $8.51. 4,874 shares of the stock traded hands, compared to its average volume of 6,638. The business has a 50 day simple moving average of $9.43 and a 200 day simple moving average of $9.96. Element Fleet Management has a one year low of $8.51 and a one year high of $12.19.

Element Fleet Management Company Profile (Get Rating)

Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. The company offers fleet management services comprising vehicle acquisition, financing, program management, and remarketing services to corporate, commercial, government, and public service vehicle fleets.

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