Enerflex Ltd (TSE:EFX) Receives C$23.19 Consensus Target Price from Analysts

Shares of Enerflex Ltd (TSE:EFX) have been assigned an average recommendation of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$23.06.

Several brokerages have weighed in on EFX. Royal Bank Of Canada lifted their price objective on shares of Enerflex from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Monday, May 8th. Industrial Alliance Securities lifted their price objective on shares of Enerflex from C$23.00 to C$23.50 and gave the stock a “strong-buy” rating in a research note on Wednesday, June 21st. CIBC dropped their price objective on shares of Enerflex from C$25.00 to C$24.00 in a research note on Thursday, July 20th. Raymond James Financial, Inc. boosted their target price on shares of Enerflex from C$21.50 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday, June 21st. Finally, Scotiabank boosted their target price on shares of Enerflex to C$30.00 and gave the company an “outperform” rating in a research report on Monday, May 15th.

Shares of Enerflex (EFX) opened at 16.18 on Monday. The firm has a market cap of $1.43 billion and a PE ratio of 105.06. The stock’s 50 day moving average price is $18.04 and its 200 day moving average price is $18.43. Enerflex has a 12-month low of $12.54 and a 12-month high of $20.57.

In related news, Director Kevin Jerome Reinhart purchased 1,750 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average cost of C$17.05 per share, with a total value of C$29,837.50. Also, insider Phillip Pyle purchased 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average cost of C$16.60 per share, for a total transaction of C$74,700.00.

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About Enerflex

Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. The Company operates through three segments: Canada, USA and Rest of World.

Analyst Recommendations for Enerflex (TSE:EFX)

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