Enerflex (TSE:EFX) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Enerflex (TSE:EFX) had its price target upped by investment 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 indicates a potential upside of 28.21% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. Raymond James raised their price target on shares of Enerflex from C$12.00 to C$13.75 in a research note on Friday. ATB Capital dropped their price target on shares of Enerflex from C$12.50 to C$12.00 in a research note on Wednesday, August 21st. Finally, TD Securities raised their price target on shares of Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$12.34.

Enerflex Stock Performance

Shares of TSE:EFX traded up C$0.43 on Friday, reaching C$11.70. 573,304 shares of the company’s stock were exchanged, compared to its average volume of 291,596. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. The company has a market capitalization of C$1.45 billion, a price-to-earnings ratio of -10.17 and a beta of 1.71. The company has a fifty day moving average of C$8.69 and a 200-day moving average of C$7.84. Enerflex has a twelve month low of C$5.45 and a twelve month high of C$11.92.

Enerflex Company Profile

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.