Scotiabank Thinks Enerflex’s Stock is Going to Recover

By Jason Carr

Wall Street analyst has provided a review for the Conglomerates company yesterday, but retained the same rating on the stock. Enerflex (TSX: EFX) received a Buy rating from Scotiabank’s analyst Vladislav Vlad, with a C$26 price target.

Vlad has an average return of 3.8% when recommending Enerflex.

According to TipRanks.com, Vlad is ranked #688 out of 4706 analysts.

Currently, the analyst consensus on Enerflex is Strong Buy and the average price target is C$23.33, representing a 48.1% upside.

In a report issued on November 10, RBC Capital also reiterated a Buy rating on the stock with a C$23 price target.

Enerflex’s market cap is currently C$1.39B and has a P/E ratio of 73.4.

Enerflex Ltd. engages in the manufacture and distribution of equipment for gas compression facilities, power plants, and other industrial institutions. The company was founded on June 1, 2011 and is headquartered in Calgary, Canada.

The company’s shares closed on Monday at C$15.75, close to its 52-week low of C$15.10.