Enerflex (TSE:EFX) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Enerflex (TSE:EFX) had its price target boosted by research analysts at BMO Capital Markets from C$20.00 to C$23.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 20.61% from the company’s current price.

EFX has been the topic of several other reports. Royal Bank Of Canada increased their price target on shares of Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a report on Friday, November 7th. ATB Capital upped their target price on Enerflex from C$19.50 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. CIBC lifted their price target on Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a report on Friday, November 7th. TD Securities boosted their price target on Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Desjardins increased their price objective on Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.19.

Enerflex Price Performance

Shares of EFX opened at C$19.07 on Monday. The company’s 50-day moving average is C$15.91 and its 200-day moving average is C$12.73. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. The firm has a market capitalization of C$2.32 billion, a PE ratio of 17.34 and a beta of 2.28. Enerflex has a fifty-two week low of C$8.74 and a fifty-two week high of C$19.40.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression.