EnCana Price Target Lowered to C$25.00 at BMO Capital Markets (ECA)
BMO Capital Markets lowered their target price on shares of EnCana (TSE:ECA) from C$26.00 to C$25.00 in a research note issued on Friday, American Banking News.com reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 36.61% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cormark downgraded shares of EnCana from a “buy” rating to a “market perform” rating in a research note to investors on Thursday. Separately, analysts at Societe Generale cut their price target on shares of EnCana from C$23.00 to C$19.00 in a research note to investors on Wednesday, October 2nd. Finally, analysts at Scotiabank cut their price target on shares of EnCana from C$23.00 to C$21.00 in a research note to investors on Tuesday, September 24th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. EnCana has an average rating of “Hold” and a consensus target price of C$22.04.
EnCana (TSE:ECA) traded up 2.06% during mid-day trading on Friday, hitting $18.30. The stock had a trading volume of 2,301,882 shares. EnCana has a one year low of $17.40 and a one year high of $23.86. The stock has a 50-day moving average of $18.17 and a 200-day moving average of $18.7. The company’s market cap is $13.504 billion.
Encana Corporation (TSE:ECA) is a North American energy producer.
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