Encana Corp (ECA) Given Consensus Rating of “Buy” by Analysts
Shares of Encana Corp (TSE:ECA) (NYSE:ECA) have been given a consensus rating of “Buy” by the seven research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$16.20.
A number of equities research analysts have recently issued reports on ECA shares. TD Securities increased their target price on Encana Corp to C$15.50 and gave the company a “buy” rating in a research note on Monday, July 24th. AltaCorp Capital upgraded Encana Corp from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 24th. Royal Bank Of Canada increased their target price on Encana Corp to C$16.25 and gave the company an “outperform” rating in a research note on Monday, July 24th. Scotiabank increased their target price on Encana Corp to C$16.25 and gave the company a “sector perform” rating in a research note on Friday, October 20th. Finally, Raymond James Financial, Inc. increased their target price on Encana Corp to C$20.00 and gave the company a “strong-buy” rating in a research note on Friday, October 20th.
Shares of Encana Corp (TSE ECA) traded up C$0.12 during trading hours on Friday, hitting C$15.75. 2,723,600 shares of the stock were exchanged.
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About Encana Corp
Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. 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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