Enercare Inc. (TSE:ECI) had its price target lifted by Scotiabank from C$19.00 to C$20.00 in a note issued to investors on Friday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 11.48% from the company’s previous close.

ECI has been the subject of a number of other reports. Desjardins lifted their price objective on shares of Enercare from C$20.00 to C$21.00 and gave the company a “buy” rating in a research note on Thursday, October 6th. Royal Bank Of Canada lifted their price objective on shares of Enercare from C$20.00 to C$21.00 and gave the company a “market perform” rating in a research note on Friday. National Bank Financial lifted their price objective on shares of Enercare from C$18.50 to C$20.50 and gave the company an “outperform” rating in a research note on Tuesday, August 9th. TD Securities boosted their price target on shares of Enercare from C$18.00 to C$20.00 and gave the company a “buy” rating in a research report on Tuesday, August 9th. Finally, RBC Capital Markets boosted their price target on shares of Enercare from C$18.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 9th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$20.50.

Analyst Recommendations for Enercare (TSE:ECI)

Shares of Enercare (TSE:ECI) opened at 17.94 on Friday. The company has a 50-day moving average price of $19.12 and a 200-day moving average price of $17.84. Enercare has a 12-month low of $14.61 and a 12-month high of $19.76. The firm has a market capitalization of $1.86 billion and a P/E ratio of 29.75.

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.

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