ECN Capital (TSE:ECN – Free Report) had its price target decreased by BMO Capital Markets from C$2.60 to C$2.00 in a report issued on Tuesday, BayStreet.CA reports.
Several other research analysts have also weighed in on the stock. National Bankshares cut their price objective on shares of ECN Capital from C$2.75 to C$2.00 and set a sector perform rating on the stock in a report on Friday, March 22nd. CIBC cut their price objective on shares of ECN Capital from C$3.00 to C$1.90 and set a neutral rating on the stock in a report on Monday, March 25th. Royal Bank of Canada cut their price objective on shares of ECN Capital from C$3.00 to C$2.25 and set a sector perform rating on the stock in a report on Friday, March 22nd. Finally, TD Securities cut their price objective on shares of ECN Capital from C$3.00 to C$2.75 and set a hold rating on the stock in a report on Friday, March 22nd. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of C$2.45.
Get Our Latest Stock Analysis on ECN Capital
ECN Capital Trading Up 9.4 %
ECN Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Tuesday, April 9th will be issued a $0.01 dividend. The ex-dividend date is Monday, April 8th. This represents a $0.04 annualized dividend and a yield of 1.91%. ECN Capital’s payout ratio is -6.78%.
Insider Activity at ECN Capital
In other news, Director Steven Kenneth Hudson acquired 200,000 shares of the stock in a transaction on Wednesday, March 27th. The stock was bought at an average price of C$1.89 per share, with a total value of C$377,400.00. 17.99% of the stock is currently owned by insiders.
About ECN Capital
ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans.
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