Element Fleet Management (OTCMKTS:ELEEF) Share Price Crosses Below 50-Day Moving Average of $14.12

Element Fleet Management Corp. (OTCMKTS:ELEEF – Get Rating)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.12 and traded as low as $13.21. Element Fleet Management shares last traded at $13.52, with a volume of 2,900 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on ELEEF shares. BMO Capital Markets upped their target price on Element Fleet Management from C$21.00 to C$23.00 in a research report on Wednesday, November 30th. Scotiabank cut 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 report on Monday, December 19th. They noted that the move was a valuation call. TD Securities boosted their price target on Element Fleet Management from C$22.00 to C$23.00 in a report on Tuesday, March 7th. Royal Bank of Canada boosted their price target on Element Fleet Management from C$26.00 to C$27.00 in a report on Tuesday, March 7th. Finally, Raymond James raised Element Fleet Management from an “outperform” rating to a “strong-buy” rating in a report on Thursday, December 1st.

Element Fleet Management Price Performance

The business has a fifty day simple moving average of $14.12 and a 200-day simple moving average of $13.47.

About Element Fleet Management

(Get Rating)

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.