BMO Capital Markets Lowers ECN Capital (TSE:ECN) Price Target to C$2.00

ECN Capital (TSE:ECN) had its price objective dropped by investment analysts at BMO Capital Markets from C$2.60 to C$2.00 in a note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 4.71% from the stock’s current price.

Several other research firms have also recently issued reports on ECN. TD Securities decreased their price target on ECN Capital from C$3.00 to C$2.75 and set a “hold” rating on the stock in a report on Friday, March 22nd. Royal Bank of Canada reduced their target price on shares of ECN Capital from C$3.00 to C$2.25 and set a “sector perform” rating on the stock in a research note on Friday, March 22nd. National Bankshares dropped their price target on shares of ECN Capital from C$2.75 to C$2.00 and set a “sector perform” rating for the company in a research note on Friday, March 22nd. Finally, CIBC cut their price objective on shares of ECN Capital from C$3.00 to C$1.90 and set a “neutral” rating on the stock in a report on Monday. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$2.45.

ECN Capital Stock Up 4.4 %

Shares of TSE:ECN opened at C$1.91 on Tuesday. ECN Capital has a 12 month low of C$1.60 and a 12 month high of C$3.38. The firm has a market cap of C$534.70 million, a P/E ratio of -3.24, a P/E/G ratio of 0.24 and a beta of 1.29. The company has a quick ratio of 3.81, a current ratio of 11.69 and a debt-to-equity ratio of 447.65. The company’s 50-day moving average price is C$2.59 and its two-hundred day moving average price is C$2.49.

Insider Transactions at ECN Capital

In other ECN Capital news, Director William Wayne Lovatt bought 200,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was purchased at an average cost of C$1.71 per share, with a total value of C$342,000.00. Insiders own 17.99% of the company’s stock.

ECN Capital Company Profile

ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.