BMO Capital Markets Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Enerflex (TSE:EFX) had its price target boosted by equities research analysts at BMO Capital Markets from C$11.00 to C$15.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 27.66% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. TD Securities lifted their price target on Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research report on Friday. Raymond James boosted their price target on shares of Enerflex from C$12.00 to C$13.75 in a research report on Friday. Finally, ATB Capital cut their price objective on shares of Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$12.34.

Enerflex Price Performance

TSE EFX opened at C$11.75 on Friday. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. Enerflex has a 1 year low of C$5.45 and a 1 year high of C$11.92. The company has a market cap of C$1.46 billion, a price-to-earnings ratio of -10.22 and a beta of 1.71. The stock’s fifty day moving average price is C$8.77 and its 200 day moving average price is C$7.87.

About Enerflex

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.