Encana Corp (TSE:ECA) PT Raised to C$19.00 at Raymond James Financial, Inc.
Encana Corp (TSE:ECA) (NYSE:ECA) had its price target raised by research analysts at Raymond James Financial, Inc. to C$19.00 in a research report issued to clients and investors on Monday, July 24th, StockTargetPrices.com reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James Financial, Inc.’s price objective suggests a potential upside of 64.64% from the stock’s previous close.
ECA has been the subject of a number of other research reports. TD Securities cut their price objective on shares of Encana Corp to C$15.50 and set a “hold” rating for the company in a research report on Tuesday, June 13th. AltaCorp Capital reissued a “sector perform” rating on shares of Encana Corp in a research report on Tuesday, May 2nd. Scotiabank reissued an “underperform” rating and set a C$15.00 price objective on shares of Encana Corp in a research report on Thursday, April 20th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$13.00 price objective on shares of Encana Corp in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$16.35.
Encana Corp (TSE ECA) traded up 0.44% during midday trading on Monday, hitting $11.54. The company’s stock had a trading volume of 4,252,258 shares. The firm has a market cap of $11.23 billion and a P/E ratio of 13.75. Encana Corp has a 12 month low of $10.54 and a 12 month high of $18.13. The company’s 50 day moving average price is $12.00 and its 200 day moving average price is $13.89.
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Encana Corp Company Profile
Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States. The company owns interests in various assets, such as the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations, including Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located offshore Nova Scotia.
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