Several analysts have rated Element shares as a buy. - Photo courtesy of Element Fleet Management.

Several analysts have rated Element shares as a buy.

Photo courtesy of Element Fleet Management.

Raymond James has upgraded shares of Element Fleet Management to a buy rating in a report issued Dec. 11.

Several other analysts have also added their opinions about the Toronto-based fleet management company. Barclays reiterated its buy rating on Nov. 7, while TD Securities also reiterated its Buy rating on Nov. 6. Stephens cut its rating from an overwieght rating to a hold rating.

At the close of Dec. 12 trading on OTC Markets, Element shares (ELEEF) closed at $5.26. It's 52-range has shares trading between a low of $2.60 and a high of $8.22.

Related: Element to 'Reset' Fleet Business

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