Element Fleet Management (OTCMKTS:ELEEF) Earns “Buy” Rating from Barclays

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Barclays reiterated their buy rating on shares of Element Fleet Management (OTCMKTS:ELEEF) in a research note released on Wednesday, AnalystRatings.com reports.

Several other analysts have also recently issued reports on ELEEF. Raymond James reissued a buy rating and set a $14.50 price objective on shares of Element Fleet Management in a research note on Thursday, November 7th. Royal Bank of Canada reissued a buy rating and set a $16.00 price objective on shares of Element Fleet Management in a research note on Monday, January 20th. Finally, CIBC reissued a buy rating and set a $15.00 price objective on shares of Element Fleet Management in a research note on Wednesday, January 22nd. Five research analysts have rated the stock with a buy rating, Element Fleet Management currently has an average rating of Buy and a consensus target price of $15.17.

Shares of ELEEF opened at $9.94 on Wednesday. The stock has a fifty day moving average of $9.26 and a two-hundred day moving average of $8.47. Element Fleet Management has a fifty-two week low of $5.45 and a fifty-two week high of $9.97.

About Element Fleet Management

Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally. The company offers fleet management services, including acquisition, financing, program management, and remarketing services for cars and light duty vehicles, medium and heavy duty trucks, material handling equipment, automobiles, and specialty vehicles and equipment, as well as corporate, municipal, and industrial fleets.

Further Reading: What does an equal weight rating mean?

Analyst Recommendations for Element Fleet Management (OTCMKTS:ELEEF)

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