Elemental Altus Royalties (CVE:ELE) Price Target Raised to C$36.00 at Canaccord Genuity Group

Elemental Altus Royalties (CVE:ELE – Get Free Report) had its target price hoisted by analysts at Canaccord Genuity Group from C$30.00 to C$36.00 in a report issued on Wednesday, BayStreet reports. Canaccord Genuity Group’s price target points to a potential upside of 38.41% from the company’s previous close.

Separately, National Bank Financial boosted their price target on Elemental Altus Royalties from C$32.50 to C$35.00 and gave the company an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$35.67.

Get Elemental Altus Royalties alerts:

Read Our Latest Stock Analysis on Elemental Altus Royalties

Elemental Altus Royalties Price Performance

ELE remained flat at C$26.01 during mid-day trading on Wednesday. 26,251 shares of the company’s stock traded hands, compared to its average volume of 65,764. The firm has a market cap of C$1.67 billion, a price-to-earnings ratio of 433.50 and a beta of 0.82. Elemental Altus Royalties has a 12 month low of C$11.90 and a 12 month high of C$34.29. The business’s fifty day simple moving average is C$26.01 and its two-hundred day simple moving average is C$26.26.

Elemental Altus Royalties Company Profile

(Get Free Report)

Endesa, SA engages in the generation, distribution, and sale of electricity primarily in Spain and Portugal. The company generates electricity from various energy sources, such as hydroelectric, nuclear, thermal, wind, and solar. As of December 31, 2020, its distributed electricity to approximately 21 million populations covering a total area of approximately 195,488 square kilometers. The company distribution and transmission networks comprise 315,365 kilometers. It also sells energy, as well as provides energy related commercial services.

See Also

• Five stocks we like better than Elemental Altus Royalties
• Ciena Fell 40%—Now One Analyst Sees 50% Upside
• Energy Transfer Taps the AI Power Boom
• Viking’s Obesity Edge May Be Staying Power, Not Weight Loss
• Gold Defied the Fed’s Rate Hike—These 3 Plays Stand Out

Receive News & Ratings for Elemental Altus Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elemental Altus Royalties and related companies with MarketBeat.com's FREE daily email newsletter.