Entrec Corp Downgraded by Canaccord Genuity to Hold (ENT)
Entrec Corp (CVE:ENT) was downgraded by analysts at Canaccord Genuity from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, Analyst Ratings Network.com reports. They currently have a C$1.60 price target on the stock, down from their previous price target of C$2.20. Canaccord Genuity’s price objective indicates a potential upside of 13.48% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at National Bank Financial cut their price target on shares of Entrec Corp from C$2.25 to C$1.75 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Edgecrest Capital initiated coverage on shares of Entrec Corp in a research note on Tuesday, February 18th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$2.03.
ENTREC specializes in the lifting, transportation (CVE:ENT), loading, off-loading and setting of overweight and oversized cargo for the oil and gas, construction, petrochemical, mining and power generation industries.
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