ECN Capital (TSE:ECN – Free Report) had its target price lifted by CIBC from C$2.00 to C$2.25 in a research note published on Thursday morning, BayStreet.CA reports.
Several other research analysts have also recently weighed in on ECN. TD Securities lowered their price objective on ECN Capital from C$2.75 to C$2.00 and set a hold rating on the stock in a research report on Friday, May 3rd. National Bankshares lifted their price objective on shares of ECN Capital from C$2.25 to C$2.50 in a research note on Thursday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of C$2.48.
Read Our Latest Stock Report on ECN
ECN Capital Stock Performance
ECN Capital Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Friday, September 13th. ECN Capital’s payout ratio is currently -6.67%.
Insider Buying and Selling
In other news, Director Karen Lynne Martin bought 25,000 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of C$1.88 per share, with a total value of C$46,887.50. 18.43% of the stock is currently owned by company insiders.
ECN Capital Company Profile
ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.
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