Enerflex (TSE:EFX) Price Target Raised to C$15.00 at Raymond James

Enerflex (TSE:EFXGet Rating) had its price target hoisted by Raymond James from C$13.00 to C$15.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James’ price target suggests a potential upside of 76.26% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Enerflex from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a report on Friday, November 11th. Stifel Nicolaus boosted their target price on shares of Enerflex from C$8.00 to C$9.00 in a report on Monday, November 14th. Finally, BMO Capital Markets upped their price target on shares of Enerflex from C$9.00 to C$10.00 in a report on Thursday, August 11th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$11.88.

Enerflex Trading Up 8.8 %

Shares of EFX stock opened at C$8.51 on Friday. The company’s fifty day simple moving average is C$6.79 and its two-hundred day simple moving average is C$6.70. The company has a debt-to-equity ratio of 28.93, a current ratio of 1.82 and a quick ratio of 1.33. Enerflex has a 1 year low of C$4.99 and a 1 year high of C$9.70. The stock has a market capitalization of C$1.05 billion and a price-to-earnings ratio of -34.88.

Insider Buying and Selling

In related news, Director Kevin Jerome Reinhart bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The stock was bought at an average cost of C$7.78 per share, for a total transaction of C$77,800.00. Following the completion of the transaction, the director now owns 51,250 shares of the company’s stock, valued at C$398,725.

About Enerflex

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Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, energy transition solutions, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; and designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, refrigeration systems, and electric power solutions, as well as engages in re-engineering, re-configuration, and re-packaging of compressors for various field applications; and modular processing equipment and waste gas systems for natural gas facilities.

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