Elemental Altus Royalties (CVE:ELE) Stock Gets Price Target Bump from National Bank Financial

Elemental Altus Royalties (CVE:ELE) had its target price upped by investment analysts at National Bank Financial from C$35.00 to C$38.00 in a research note issued to investors on Wednesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial‘s price objective would suggest a potential upside of 46.10% from the stock’s previous close.

ELE has been the subject of a number of other reports. Raymond James Financial raised their price target on Elemental Altus Royalties from C$33.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 23rd. Canaccord Genuity Group upped their price objective on Elemental Altus Royalties from C$30.00 to C$36.00 in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat.com, Elemental Altus Royalties presently has an average rating of “Buy” and a consensus target price of C$36.67.

Elemental Altus Royalties Price Performance

Shares of CVE:ELE remained flat at C$26.01 during trading hours on Wednesday. The company’s stock had a trading volume of 26,251 shares, compared to its average volume of 65,764. The firm has a market cap of C$1.67 billion, a price-to-earnings ratio of 433.50 and a beta of 0.82. The firm has a 50-day simple moving average of C$26.01 and a two-hundred day simple moving average of C$26.66. Elemental Altus Royalties has a fifty-two week low of C$11.90 and a fifty-two week high of C$34.29.

About Elemental Altus Royalties

Endesa, SA engages in the generation, distribution, and sale of electricity primarily in Spain and Portugal. The company generates electricity from various energy sources, such as hydroelectric, nuclear, thermal, wind, and solar. As of December 31, 2020, its distributed electricity to approximately 21 million populations covering a total area of approximately 195,488 square kilometers. The company distribution and transmission networks comprise 315,365 kilometers. It also sells energy, as well as provides energy related commercial services.