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Enerflex (TSE:EFX) Given New C$17.00 Price Target at National Bank Financial

Enerflex (TSE:EFX) had its target price reduced by research analysts at National Bank Financial from C$18.00 to C$17.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 41.67% from the company’s current price.

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Several other analysts also recently commented on the company. CIBC reduced their target price on Enerflex from C$18.00 to C$17.00 in a research note on Tuesday, November 12th. Raymond James restated an “outperform” rating and issued a C$21.00 target price on shares of Enerflex in a research note on Friday, November 8th. BMO Capital Markets reduced their target price on Enerflex from C$23.00 to C$18.00 in a research note on Tuesday, September 10th. Royal Bank of Canada reduced their target price on Enerflex from C$25.00 to C$23.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Finally, TD Securities raised shares of Enerflex from a “hold” rating to a “buy” rating and dropped their price target for the company from C$19.00 to C$18.00 in a research report on Wednesday, September 4th.

Shares of EFX traded up C$0.05 during trading hours on Monday, hitting C$12.00. The stock had a trading volume of 101,117 shares, compared to its average volume of 191,928. The company has a debt-to-equity ratio of 34.86, a current ratio of 1.74 and a quick ratio of 1.24. The firm has a 50 day simple moving average of C$11.07 and a 200-day simple moving average of C$14.27. The firm has a market capitalization of $1.02 billion and a P/E ratio of 7.03. Enerflex has a 1-year low of C$10.05 and a 1-year high of C$20.38.

About Enerflex

Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, and refrigeration and waste gas systems, as well as engages in re-engineering, reconfiguration, and repackaging of compressors for various field applications.

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