A Reversal for Enercare Inc. Is Not Near. The Stock Declines Again

 A Reversal for Enercare Inc. Is Not Near. The Stock Declines Again

The stock of Enercare Inc. (TSE:ECI) is a huge mover today! About 128,777 shares traded hands. Enercare Inc. (TSE:ECI) has risen 22.69% since March 10, 2016 and is uptrending. It has outperformed by 17.08% the S&P500.
The move comes after 6 months negative chart setup for the $1.99B company. It was reported on Oct, 17 by Barchart.com. We have $17.54 PT which if reached, will make TSE:ECI worth $159.20M less.

Enercare Inc. (TSE:ECI) Ratings Coverage

Out of 2 analysts covering Enercare Inc (TSE:ECI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $20 is the highest target while $15.75 is the lowest. The $19 average target is -0.31% below today’s ($19.06) stock price. Enercare Inc has been the topic of 5 analyst reports since August 11, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, June 10 report. The company was initiated on Friday, July 15 by Desjardins Securities. The rating was maintained by Desjardins Securities on Tuesday, August 11 with “Buy”.

More important recent Enercare Inc. (TSE:ECI) news were published by: Marketwired.com which released: “EnerCare Inc. Appoints Additional Director” on October 27, 2014, also Marketwired.com published article titled: “Enercare Signs Agreement to Acquire Service Experts – A Leading North American …”, Business.Financialpost.com published: “Enercare gets busy: Takeover talk, a new $550-million business, and issuing equity” on July 24, 2014. More interesting news about Enercare Inc. (TSE:ECI) was released by: Marketwired.com and their article: “EnerCare Completes Acquisition of Direct Energy’s Home and Small Commercial …” with publication date: October 20, 2014.

Enercare Inc. is a Canada-based company engaged in home services and sub-metering businesses. The company has a market cap of $1.99 billion. The Firm operates through two divisions: Home Services and Sub-metering. It has a 35.44 P/E ratio. The Company’s Home Services segment is engaged in the provision of water heaters, furnaces, air conditioners and other heating, ventilation and air conditioning rental products, protection plans and related services.

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