Enercare Inc. (TSE:ECI) had its price objective upped by Scotiabank from C$20.00 to C$24.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 16.90% from the company’s previous close.

A number of other equities research analysts also recently commented on ECI. TD Securities downgraded shares of Enercare from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$22.00 to C$20.00 in a research report on Monday, May 15th. Royal Bank Of Canada upgraded shares of Enercare from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$21.00 to C$26.00 in a research report on Tuesday, April 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$22.60.

Shares of Enercare (TSE ECI) traded up 3.63% on Wednesday, reaching $20.53. The company had a trading volume of 930,415 shares. The firm has a market capitalization of $2.15 billion and a PE ratio of 42.07. The firm’s 50 day moving average is $19.21 and its 200 day moving average is $19.35. Enercare has a 12 month low of $17.04 and a 12 month high of $21.94.

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In other Enercare news, Director Scott Jason Boxer bought 2,170 shares of Enercare stock in a transaction that occurred on Tuesday, May 16th. The shares were acquired at an average price of C$18.58 per share, for a total transaction of C$40,318.60. Also, insider Evelyn Louise Sutherland bought 5,000 shares of Enercare stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average price of C$18.10 per share, for a total transaction of C$90,500.00. Insiders have bought a total of 12,670 shares of company stock valued at $232,329 over the last three months.

About Enercare

Enercare Inc is a Canada-based company engaged in home services and sub-metering businesses. The Company operates through two segments: Home Services and Sub-metering. Its Home Services segment is engaged in the provision of water heaters, furnaces, air conditioners and other heating, ventilation and air conditioning (HVAC) rental products, protection plans and related services.

Analyst Recommendations for Enercare (TSE:ECI)

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