Royal Bank Of Canada Boosts Encana Corp (ECA) Price Target to C$16.50

Encana Corp (TSE:ECA) had its target price lifted by investment analysts at Royal Bank Of Canada from C$14.00 to C$16.50 in a research report issued on Thursday, reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 14.42% from the stock’s previous close.

Several other equities analysts have also recently issued reports on ECA. TD Securities reiterated a “buy” rating and issued a C$11.50 target price on shares of Encana Corp in a research note on Wednesday, August 17th. CIBC upgraded shares of Encana Corp from an “underperform” rating to a “sector perform” rating in a research note on Friday, September 30th.

Encana Corp (TSE:ECA) traded down 0.97% during midday trading on Thursday, hitting $14.28. 2,091,406 shares of the stock traded hands. The stock has a 50-day moving average of $12.88 and a 200 day moving average of $10.49. Encana Corp has a 52-week low of $4.14 and a 52-week high of $14.84. The firm’s market cap is $12.14 billion.

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.

Stock Target Prices

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