ECN Capital (ECN) Gets a Buy Rating from TD Securities

By Ryan Adsit

ECN Capital (TSX: ECN), the Financial sector company, has received a rating update from a Wall Street analyst on August 10. Analyst Mario Mendonca from TD Securities reiterated a Buy rating, with a C$5.50 price target on August 10.

Mendonca has an average return of 3.9% when recommending ECN Capital.

According to TipRanks.com, Mendonca is ranked #1348 out of 4848 analysts.

Currently, the analyst consensus on ECN Capital is a Strong Buy with an average price target of C$5.43, a 54.3% upside from current levels. In a report issued on August 10, BMO Capital also reiterated a Buy rating on the stock with a C$5 price target.

.

The company has a one-year high of C$4.40 and a one-year low of C$3.31. Currently, ECN Capital has an average volume of 1.13M.

ECN Capital Corp. provides consumer credit portfolios to more than ninety U.S. financial institutions. The company originates, manages, and advises on prime consumer credit assets for financial institutions offering unsecured and secured consumer portfolio solutions as well as credit card portfolios.

The company’s shares closed on Friday at C$3.52.