The stock of Enerflex Ltd (TSE:EFX) hit a new 52-week high and has $17.75 target or 4.00% above today’s $17.07 share price. The 5 months bullish chart indicates low risk for the $1.54B company. The 1-year high was reported on Nov, 24 by Barchart.com. If the $17.75 price target is reached, the company will be worth $61.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 8,071 shares traded hands. Enerflex Ltd (TSE:EFX) has risen 41.81% since April 20, 2016 and is uptrending. It has outperformed by 36.40% the S&P500.
Enerflex Ltd (TSE:EFX) Ratings Coverage
Out of 5 analysts covering Enerflex (TSE:EFX), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $23 is the highest target while $13 is the lowest. The $17.16 average target is 0.53% above today’s ($17.07) stock price. Enerflex has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Enerflex Ltd (TSE:EFX) earned “Outperform” rating by Scotia Capital on Friday, August 7. The firm earned “Sector Outperformer” rating on Wednesday, September 23 by IBC. The rating was maintained by TD Securities with “Buy” on Friday, August 7. On Monday, August 10 the stock rating was maintained by BMO Capital Markets with “Outperform”. The stock has “Buy” rating given by TD Securities on Monday, September 19. The stock of Enerflex Ltd (TSE:EFX) has “Sector Perform” rating given on Friday, August 7 by Scotia Capital. The firm has “Market Perform” rating given on Tuesday, August 11 by Raymond James.
More 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 the news titled: “Enerflex Ltd. Announces Closing of Bought Deal Financing Including Exercise in …” on September 07, 2016. Theglobeandmail.com‘s news article titled: “Enerflex Ltd. not a risk-free environment” with publication date: August 12, 2015 was also an interesting one.
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 $1.54 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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