Enerflex (TSE:EFX) Price Target Raised to C$23.00

Enerflex (TSE:EFX) had its price target lifted by analysts at ATB Capital from C$19.50 to C$23.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price objective indicates a potential upside of 22.28% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Royal Bank Of Canada lifted their target price on Enerflex from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. Desjardins boosted their price objective on shares of Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a report on Monday, October 20th. BMO Capital Markets upped their target price on shares of Enerflex from C$18.00 to C$20.00 in a research report on Friday, October 10th. Raymond James Financial lifted their price target on shares of Enerflex from C$20.00 to C$24.00 and gave the company an “outperform” rating in a research report on Friday. Finally, TD Securities boosted their price target on shares of Enerflex from C$17.00 to C$19.00 in a research note on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.86.

Enerflex Trading Down 0.4%

Shares of TSE EFX traded down C$0.08 during midday trading on Friday, reaching C$18.81. 638,623 shares of the stock were exchanged, compared to its average volume of 481,200. The stock has a market capitalization of C$2.30 billion, a P/E 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. The company has a 50 day simple moving average of C$15.61 and a 200 day simple moving average of C$12.47. Enerflex has a twelve month low of C$8.74 and a twelve month high of C$19.40.

Enerflex Company Profile

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.