Scotiabank Boosts Enercare Inc. (ECI) Price Target to C$24.00
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.
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.
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.
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