Enerflex (TSE:EFX) Price Target Raised to C$24.00

Enerflex (TSE:EFX) had its price objective upped by analysts at National Bankshares from C$17.50 to C$24.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 27.59% from the company’s current price.

Several other research firms have also recently weighed in on EFX. Raymond James Financial boosted their price objective on shares of Enerflex from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets lifted their target price on Enerflex from C$18.00 to C$20.00 in a research note on Friday, October 10th. CIBC upped their price target on Enerflex from C$11.50 to C$15.25 and gave the company a “neutral” rating in a research note on Friday. ATB Capital raised their price target on Enerflex from C$19.50 to C$23.00 and gave the company an “outperform” rating in a report on Friday. Finally, Desjardins boosted their price objective on Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a report on Monday, October 20th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Enerflex has an average rating of “Moderate Buy” and an average price target of C$19.86.

Enerflex Price Performance

Shares of TSE EFX traded down C$0.08 during trading on Friday, reaching C$18.81. The company had a trading volume of 638,623 shares, compared to its average volume of 481,200. Enerflex has a 52 week low of C$8.74 and a 52 week high of C$19.40. The business’s 50 day moving average price is C$15.61 and its 200-day moving average price is C$12.47. The stock has a market cap of C$2.30 billion, a PE ratio of 18.09 and a beta of 2.28. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19.

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.