Elemental Altus Royalties (CVE:ELE) Price Target Raised to C$38.00

Elemental Altus Royalties (CVE:ELE) had its target price upped by National Bank Financial from C$35.00 to C$38.00 in a research report released on Wednesday,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

ELE has been the topic of several other research reports. Canaccord Genuity Group upped their target price on Elemental Altus Royalties from C$30.00 to C$36.00 in a report on Wednesday, September 23rd. Raymond James Financial lifted their price target on Elemental Altus Royalties from C$33.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$36.67.

Elemental Altus Royalties Stock Performance

Shares of ELE stock opened at C$26.01 on Wednesday. The stock has a fifty day moving average price of C$26.01 and a 200 day moving average price of C$26.67. The stock has a market cap of C$1.67 billion, a PE ratio of 433.50 and a beta of 0.82. Elemental Altus Royalties has a 1 year low of C$11.90 and a 1 year high of C$34.29.

About Elemental Altus Royalties

Endesa, SA engages in the generation, distribution, and sale of electricity primarily in Spain and Portugal. The company generates electricity from various energy sources, such as hydroelectric, nuclear, thermal, wind, and solar. As of December 31, 2020, its distributed electricity to approximately 21 million populations covering a total area of approximately 195,488 square kilometers. The company distribution and transmission networks comprise 315,365 kilometers. It also sells energy, as well as provides energy related commercial services.