Element Fleet Management Director Paul Damp acquired 15,000 shares of the company’s stock. The shares were acquired at an average cost of C$12.86 per share, with a total value of C$192,900 ($145,000).
Shares of Element Fleet Management opened at 12.37 on Tuesday. The stock has a market capitalization of $4.80 billion and a PE ratio of 12.91. Element Fleet Management has a one-year low of $11.00 and a one-year high of $16.57. The firm has a 50-day moving average of $13.49 and a 200-day moving average of $13.09.
A number of research analysts have recently weighed in on the stock. Raymond James Financial reissued a “sector perform” rating and set a C$17.00 price objective on shares of Element Fleet Management in a research note on February 2. Scotiabank reissued an “outperform” rating and set a C$15.00 price objective on shares of Element Fleet Management in a research note on January 10. TD Securities cut shares of Element Fleet Management from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$14.50 to C$15.00 in a research note on March 10. BMO Capital Markets dropped its price objective on shares of Element Fleet Management from C$16.00 to C$15.00 in a research note on March 10.
Finally, Royal Bank of Canada reissued a “strong-buy” rating and set a C$17.00 price objective on shares of Element Fleet Management in a research note on March 20. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “buy” and a consensus target price of C$15.78.
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