National Bank Financial Lowers ECN Capital (TSE:ECN) Price Target to C$4.00

ECN Capital (TSE:ECN) had its price target reduced by equities researchers at National Bank Financial from C$7.00 to C$4.00 in a research note issued on Tuesday, 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 14.61% from the company’s current price.

A number of other research analysts also recently weighed in on ECN. Cormark upped their price target on ECN Capital from C$5.75 to C$7.50 in a research note on Wednesday, January 29th. Stephens upped their price target on ECN Capital from C$6.00 to C$7.00 in a research note on Wednesday, January 29th. CIBC upped their price target on ECN Capital from C$5.25 to C$6.00 in a research note on Wednesday, January 29th. Royal Bank of Canada upped their price target on ECN Capital from C$6.00 to C$6.50 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Finally, TD Securities upped their price target on ECN Capital from C$6.50 to C$7.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th.

ECN stock opened at C$3.49 on Tuesday. The stock’s 50 day simple moving average is C$5.14 and its 200 day simple moving average is C$4.79. ECN Capital has a fifty-two week low of C$2.67 and a fifty-two week high of C$6.19. The company has a debt-to-equity ratio of 51.27, a quick ratio of 2.07 and a current ratio of 3.09. The company has a market cap of $775.61 million and a P/E ratio of -34.90.

About ECN Capital

ECN Capital Corp. originates, manages, and advises on prime consumer credit portfolios primarily in the United States. The company operates through Service Finance – Unsecured Consumer Loans; Triad – Secured Consumer Loans; and Kessler – Consumer Credit Cards segments. It provides prime credit portfolio solutions that include unsecured consumer loan portfolios, including home improvement loans; secured consumer loan portfolios, such as manufactured home loans; and consumer credit card portfolios.

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