Encana Corp (TSE:ECA) had its price objective increased by investment analysts at Royal Bank Of Canada from C$13.00 to C$14.00 in a report released on Wednesday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 16.28% from the company’s current price.

Separately, TD Securities reaffirmed a “buy” rating and set a C$11.50 price target on shares of Encana Corp in a report on Wednesday, August 17th.

Shares of Encana Corp (TSE:ECA) traded up 1.74% during midday trading on Wednesday, hitting $12.25. 1,127,071 shares of the stock traded hands. The stock’s market capitalization is $10.41 billion. The firm has a 50-day moving average price of $12.40 and a 200-day moving average price of $10.08. Encana Corp has a 52 week low of $4.14 and a 52 week high of $13.87.

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Encana Corp Company Profile

Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.

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