Could Enerflex Ltd Decline After Today’s Huge Increase?

 Could Enerflex Ltd Decline After Today's Huge Increase?

The stock of Enerflex Ltd (TSE:EFX) is a huge mover today! About 54,755 shares traded hands. Enerflex Ltd (TSE:EFX) has risen 36.91% since March 30, 2016 and is uptrending. It has outperformed by 35.70% the S&P500.
The move comes after 9 months positive chart setup for the $1.23 billion company. It was reported on Nov, 3 by Barchart.com. We have $20.06 PT which if reached, will make TSE:EFX worth $504.30M more.

Enerflex Ltd (TSE:EFX) Ratings Coverage

Out of 5 analysts covering Enerflex (TSE:EFX), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $18.50 is the highest target while $13 is the lowest. The $16.16 average target is 13.56% above today’s ($14.23) stock price. Enerflex has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Friday, August 7 the stock rating was downgraded by Scotia Capital to “Sector Perform”. The rating was maintained by TD Securities on Monday, September 19 with “Buy”. The firm has “Outperform” rating by Scotia Capital given on Friday, August 7. IBC upgraded Enerflex Ltd (TSE:EFX) on Wednesday, September 23 to “Sector Outperformer” rating. The rating was maintained by TD Securities on Friday, August 7 with “Buy”. The company was upgraded on Tuesday, August 11 by Raymond James. BMO Capital Markets maintained it with “Outperform” rating and $13 target price in Monday, August 10 report.

More important recent Enerflex Ltd (TSE:EFX) news were published by: Marketwired.com which released: “Enerflex Ltd. Announces $100 Million Bought Deal Financing” on August 16, 2016, also Marketwired.com published article titled: “Enerflex Ltd. Announces Closing of Bought Deal Financing Including Exercise in …”, Theglobeandmail.com published: “Enerflex Ltd. not a risk-free environment” on August 12, 2015. More interesting news about Enerflex Ltd (TSE:EFX) was released by: Reuters.com and their article: “BRIEF-Enerflex Ltd announces $100 mln bought deal financing” with publication date: August 16, 2016.

Enerflex Ltd. is a Canada-based supplier of natural gas compression, gas and oil processing, refrigeration systems and electric power equipment. The company has a market cap of $1.23 billion. The Company’s in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. It currently has negative earnings. The Firm operates through three divisions: Canada, USA and Rest of World.

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