EnCana PT Raised to C$0.50 at Canaccord Genuity (ECA)
Equities researchers at Canaccord Genuity hoisted their target price on shares of EnCana (TSE:ECA) from C$0.20 to C$0.50 in a research report issued on Thursday, Stock Ratings News reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price indicates a potential downside of 97.39% from the stock’s previous close.
EnCana (TSE:ECA) traded down 0.57% during mid-day trading on Thursday, hitting $19.04. 5,264,170 shares of the company’s stock traded hands. 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 $14.050 billion.
ECA has been the subject of a number of other recent research reports. Analysts at TD Securities upgraded shares of EnCana from a “buy” rating to an “action list buy” rating in a research note to investors on Thursday. They now have a C$23.00 price target on the stock, up previously from C$22.00. Separately, analysts at ISI Group upgraded shares of EnCana from a “cautious” rating to a “neutral” rating in a research note to investors on Monday. Finally, analysts at BMO Capital Markets cut their price target on shares of EnCana from C$26.00 to C$25.00 in a research note to investors on Friday, October 11th. They now have an “outperform” rating on the stock. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$20.81.
Encana Corporation (TSE:ECA) is a North American energy producer.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.