Enerflex (TSE:EFX) Given New C$23.00 Price Target at BMO Capital Markets

Enerflex (TSE:EFX) had its price target hoisted by research analysts at BMO Capital Markets from C$20.00 to C$23.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 21.95% from the stock’s previous close.

A number of other brokerages also recently commented on EFX. ATB Capital boosted their price objective on shares of Enerflex from C$19.50 to C$23.00 and gave the company an “outperform” rating in a research report on Friday. TD Securities lifted their target price on shares of Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday. National Bankshares boosted their price target on shares of Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a report on Friday. Royal Bank Of Canada upped their price target on shares of Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Raymond James Financial increased their price objective on Enerflex from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a report on Friday. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Enerflex presently has an average rating of “Moderate Buy” and an average target price of C$20.19.

Enerflex Stock Up 0.3%

TSE EFX traded up C$0.05 during trading on Monday, reaching C$18.86. 245,946 shares of the company’s stock were exchanged, compared to its average volume of 480,081. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. Enerflex has a fifty-two week low of C$8.74 and a fifty-two week high of C$19.40. The company’s fifty day simple moving average is C$15.71 and its 200-day simple moving average is C$12.59. The firm has a market capitalization of C$2.31 billion, a PE ratio of 18.13 and a beta of 2.28.

About Enerflex

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.