Raymond James Raises Element Fleet Management (OTCMKTS:ELEEF) Price Target to C$14.00

Element Fleet Management (OTCMKTS:ELEEFGet Rating) had its target price raised by investment analysts at Raymond James from C$13.25 to C$14.00 in a research report issued to clients and investors on Tuesday, The Fly reports.

A number of other research firms have also recently issued reports on ELEEF. TD Securities raised their price objective on Element Fleet Management from C$12.50 to C$13.00 in a research report on Tuesday. Royal Bank of Canada raised their price objective on Element Fleet Management from C$17.00 to C$18.00 in a research note on Wednesday, March 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.64.

OTCMKTS ELEEF traded down $0.20 during trading hours on Tuesday, hitting $8.51. 4,874 shares of the company traded hands, compared to its average volume of 6,638. The business’s 50-day moving average is $9.43 and its 200-day moving average is $9.96. Element Fleet Management has a twelve month low of $8.51 and a twelve month high of $12.19.

About Element Fleet Management (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.

Featured Articles

The Fly logo

Analyst Recommendations for Element Fleet Management (OTCMKTS:ELEEF)

Receive News & Ratings for Element Fleet Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Fleet Management and related companies with MarketBeat.com's FREE daily email newsletter.