EnCana Receives Consensus Rating of “Hold” from Analysts (TSE:ECA)
EnCana (TSE:ECA) has received a consensus rating of “Hold” from the sixteen brokerages that are presently covering the company, AR Network reports. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$20.75.
Shares of EnCana (TSE:ECA) opened at 20.35 on Tuesday. EnCana has a 52 week low of $17.40 and a 52 week high of $21.35. The stock has a 50-day moving average of $19.68 and a 200-day moving average of $18.96. The company has a market cap of $15.023 billion and a P/E ratio of 36.35.
ECA has been the subject of a number of recent research reports. Analysts at TD Securities raised their price target on shares of EnCana from C$24.00 to C$25.00 in a research note on Friday. They now have an “action list buy” rating on the stock. Separately, analysts at Scotiabank reiterated a “sector perform” rating on shares of EnCana in a research note on Thursday, December 12th. Finally, analysts at National Bank Financial downgraded shares of EnCana to a “sector perform” rating in a research note on Wednesday, December 11th.
Encana Corporation (TSE:ECA) is a North American energy producer.