ECN Capital (TSE:ECN) Price Target Raised to C$3.50

ECN Capital (TSE:ECN) had its price objective raised by stock analysts at Cormark from C$2.25 to C$3.50 in a research report issued on Tuesday,BayStreet.CA reports. Cormark’s price target would indicate a potential upside of 18.64% from the company’s current price.

Other equities analysts also recently issued reports about the company. BMO Capital Markets raised their price target on ECN Capital from C$2.00 to C$2.35 in a report on Friday, August 9th. National Bank Financial upgraded ECN Capital from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. National Bankshares lifted their price objective on ECN Capital from C$2.25 to C$2.50 in a report on Thursday, August 8th. Finally, CIBC upped their price target on shares of ECN Capital from C$2.25 to C$2.50 in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$2.66.

ECN Capital Price Performance

Shares of TSE:ECN opened at C$2.95 on Tuesday. ECN Capital has a 1-year low of C$1.60 and a 1-year high of C$3.25. The company has a debt-to-equity ratio of 383.08, a current ratio of 10.77 and a quick ratio of 3.81. The business has a fifty day moving average price of C$2.20 and a 200-day moving average price of C$1.99. The company has a market capitalization of C$829.30 million, a PE ratio of -9.00, a PEG ratio of 0.24 and a beta of 1.35.

ECN Capital Company Profile

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.