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CIBC Sticks to Their Buy Rating for Element Fleet Management (ELEEF)

CIBC analyst Paul Holden maintained a Buy rating on Element Fleet Management (ELEEFResearch Report) today and set a price target of C$17.00. The company’s shares opened today at $13.76.

Holden covers the Financial sector, focusing on stocks such as Bank Of Nova Scotia, Laurentian Bank, and National Bank of Canada. According to TipRanks, Holden has an average return of 7.7% and a 55.34% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Element Fleet Management with a $15.21 average price target, representing a 10.51% upside. In a report released today, TD Securities also upgraded the stock to a Buy with a C$19.00 price target.

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The company has a one-year high of $11.89 and a one-year low of $8.46. Currently, Element Fleet Management has an average volume of 12.24K.

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Element Fleet Management Corp. engages in the provision of services and financing solutions for commercial vehicle fleets. It operates through the Fleet Management and Non-Core segments. The Fleet Management segment offers core fleet management services. The Non-Core segment includes outsourced servicers that do not form part of the core fleet portfolio. The company was founded by J. Stephen Sands on May 11, 2007 and is headquartered in Toronto, Canada.

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