Encana Corp (ECA) Price Target Raised to C$13.00
Encana Corp (TSE:ECA) had its price objective upped by TD Securities from C$12.50 to C$13.00 in a research note issued on Sunday, StockTargetPrices.com reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential downside of 9.97% from the stock’s previous close.
Several other brokerages also recently weighed in on ECA. BMO Capital Markets lifted their target price on Encana Corp from C$12.00 to C$14.00 in a research note on Thursday. Royal Bank Of Canada lifted their target price on Encana Corp from C$11.50 to C$12.75 and gave the company an “outperform” rating in a research note on Monday, September 12th. Finally, CIBC raised Encana Corp from an “underperform” rating to a “sector perform” rating in a research note on Friday, September 30th.
Shares of Encana Corp (TSE:ECA) opened at 14.44 on Friday. The company’s 50 day moving average price is $12.97 and its 200-day moving average price is $10.56. The firm’s market cap is $12.27 billion. Encana Corp has a 1-year low of $4.14 and a 1-year high of $14.84.
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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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