TD Securities Reiterates “Buy” Rating for Encana Corp (ECA)
Encana Corp (TSE:ECA) (NYSE:ECA)‘s stock had its “buy” rating reiterated by investment analysts at TD Securities in a report released on Friday. They currently have a C$13.00 price objective on the stock. TD Securities’ target price would indicate a potential downside of 20.59% from the stock’s current price.
Other analysts also recently issued research reports about the stock. BMO Capital Markets lifted their target price on shares of Encana Corp from C$12.00 to C$14.00 in a report on Thursday, October 6th. Royal Bank Of Canada lifted their target price on shares of Encana Corp from C$11.50 to C$12.75 and gave the company an “outperform” rating in a report on Monday, September 12th. CIBC upgraded shares of Encana Corp from an “underperform” rating to a “sector perform” rating in a report on Friday, September 30th. Finally, Scotiabank restated a “top pick” rating and issued a C$10.00 price target on shares of Encana Corp in a research note on Friday, November 4th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$12.64.
Encana Corp (TSE:ECA) opened at 16.37 on Friday. The company has a 50 day moving average price of $14.24 and a 200 day moving average price of $11.86. The firm’s market capitalization is $15.93 billion. Encana Corp has a 52-week low of $4.14 and a 52-week high of $16.57.
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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