Royal Bank of Canada Boosts Element Fleet Management (OTCMKTS:ELEEF) Price Target to C$27.00

Element Fleet Management (OTCMKTS:ELEEF – Get Rating) had its price target lifted by Royal Bank of Canada from C$26.00 to C$27.00 in a research note published on Tuesday, The Fly reports.

ELEEF has been the subject of several other reports. Raymond James upgraded Element Fleet Management from an outperform rating to a strong-buy rating in a research report on Thursday, December 1st. Scotiabank lowered Element Fleet Management from an outperform rating to a sector perform rating and set a C$20.00 price target for the company. in a research report on Monday, December 19th. They noted that the move was a valuation call. BMO Capital Markets raised their price target on Element Fleet Management from C$21.00 to C$23.00 in a research report on Wednesday, November 30th. Finally, TD Securities raised their price target on Element Fleet Management from C$21.00 to C$22.00 in a research report on Wednesday, November 30th.

Element Fleet Management Stock Performance

ELEEF opened at $14.21 on Tuesday. Element Fleet Management has a 52 week low of $8.51 and a 52 week high of $14.77. The business has a fifty day simple moving average of $14.14 and a 200-day simple moving average of $13.45.

Element Fleet Management Company Profile

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Element Fleet Management Corp. engages in the provision of services and financing solutions for commercial vehicle fleets. It services the construction, food and beverage, healthcare, transportation, and utilities industries with fleet vehicles that is suited for the customers’ needs. The company was founded by J.