Element Fleet Management Corp. (OTCMKTS:ELEEF)’s share price traded down 1.7% on Monday . The company traded as low as $11.01 and last traded at $11.01. 2,500 shares were traded during trading, a decline of 74% from the average session volume of 9,568 shares. The stock had previously closed at $11.21.
A number of analysts have recently weighed in on the company. CIBC cut their price objective on Element Fleet Management from C$16.00 to C$15.50 and set an “outperform” rating on the stock in a research report on Thursday, July 29th. Scotiabank cut their price objective on Element Fleet Management from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 28th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $16.71.
The business’s 50 day moving average is $11.27 and its 200 day moving average is $11.31.
Element Fleet Management Corp. engages in the provision of services and financing solutions for commercial vehicle fleets. It operates through the Fleet Management and Non-Core segments. The Fleet Management segment offers core fleet management services. The Non-Core segment includes outsourced servicers that do not form part of the core fleet portfolio.
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