ECN Capital (ECN) Receives a Buy from CIBC

By Carrie Williams

ECN Capital (ECNResearch Report), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Paul Holden from CIBC rated ECN Capital (ECNResearch Report) a Buy, setting a C$5 price target.

According to, Holden is a 2-star analyst with an average return of 0.4% and a 46.9% success rate. Holden covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Manulife Financial Corp, and Sun Life Financial.

Currently, the analyst consensus on ECN Capital is a Strong Buy with an average price target of C$4.75.

The company has a one-year high of C$3.95 and a one-year low of C$3.13. Currently, ECN Capital has an average volume of 1.06M.

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$3.64.