Shares of ECN Capital Corp (TSE:ECN) shot up 2.9% on Tuesday . The company traded as high as C$3.51 and last traded at C$3.50. 1,687,829 shares changed hands during trading, an increase of 4% from the average session volume of 1,624,723 shares. The stock had previously closed at C$3.40.
A number of brokerages have commented on ECN. BMO Capital Markets reiterated an “outperform” rating and issued a C$5.20 price objective on shares of ECN Capital in a report on Monday. TD Securities cut their target price on shares of ECN Capital from C$5.00 to C$4.50 and set a “buy” rating on the stock in a research note on Friday, December 15th. Royal Bank of Canada cut their target price on shares of ECN Capital from C$5.00 to C$4.50 and set an “outperform” rating on the stock in a research note on Friday, December 15th. Finally, Raymond James Financial set a C$5.00 target price on shares of ECN Capital and gave the company an “outperform” rating in a research note on Monday, January 8th. Seven equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of C$4.90.
The firm has a market cap of $1,290.00 and a P/E ratio of -27.00.
ECN Capital Company Profile
ECN Capital Corp., an independent financial services company, originates, co-invests in, and manages asset based financing and related service programs in the United States, Canada, and internationally. The company operates through three segments: Rail Finance, Aviation Finance, and Commercial and Vendor Finance.
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