Enerflex Ltd (EFX) Receives Average Recommendation of “Buy” from Analysts

Enerflex Ltd (TSE:EFX) has been given an average recommendation of “Buy” by the nine analysts that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$23.06.

Several research analysts recently commented on EFX shares. Raymond James Financial, Inc. boosted their target price on Enerflex from C$17.50 to C$21.50 and gave the stock an “outperform” rating in a research note on Friday, May 5th. Royal Bank Of Canada boosted their target price on Enerflex from C$22.00 to C$24.00 and gave the company an “outperform” rating in a report on Monday, May 8th. Scotiabank boosted their target price on Enerflex to C$30.00 and gave the company an “outperform” rating in a report on Monday, May 8th. CIBC boosted their target price on Enerflex from C$24.50 to C$25.00 in a research report on Wednesday, June 21st. Finally, Industrial Alliance Securities boosted their target price on Enerflex from C$23.00 to C$23.50 and gave the stock a “strong-buy” rating in a research report on Wednesday, June 21st.

In other Enerflex news, insider Phillip Pyle bought 4,500 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were purchased at an average price of C$16.60 per share, with a total value of C$74,700.00. Also, Director Kevin Jerome Reinhart purchased 1,750 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were acquired at an average cost of C$17.05 per share, for a total transaction of C$29,837.50.

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Shares of Enerflex (EFX) traded down 1.52% on Monday, reaching $18.11. 43,100 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $17.93 and a 200 day moving average price of $18.43. Enerflex has a one year low of $10.55 and a one year high of $20.57. The firm has a market cap of $1.60 billion and a PE ratio of 117.60.

About Enerflex

Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. The Company operates through three segments: Canada, USA and Rest of World.

Analyst Recommendations for Enerflex (TSE:EFX)

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