Is Selling Enercare Inc. Here a Winning Strategy?

 Is Selling Enercare Inc. Here a Winning Strategy?

The stock of Enercare Inc. (TSE:ECI) is a huge mover today! About 218,457 shares traded hands. Enercare Inc. (TSE:ECI) has risen 11.42% since April 18, 2016 and is uptrending. It has outperformed by 6.86% the S&P500.
The move comes after 5 months negative chart setup for the $1.87 billion company. It was reported on Nov, 22 by Barchart.com. We have $17.16 PT which if reached, will make TSE:ECI worth $74.80M less.

Enercare Inc. (TSE:ECI) Ratings Coverage

Out of 4 analysts covering Enercare Inc (TSE:ECI), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $21.50 is the highest target while $15.75 is the lowest. The $20.63 average target is 15.44% above today’s ($17.87) stock price. Enercare Inc has been the topic of 9 analyst reports since August 11, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Sector Perform” rating and $18 target price in Friday, June 10 report. On Tuesday, August 11 the stock rating was maintained by Desjardins Securities with “Buy”. Desjardins Securities initiated it with “Buy” rating and $19 target price in Friday, July 15 report. The rating was downgraded by TD Securities on Friday, November 11 to “Hold”.

More recent Enercare Inc. (TSE:ECI) news were published by: Finance.Yahoo.com which released: “Enercare Connections and North Edge Properties Agree to Sub-Metering Services …” on November 22, 2016. Also Marketwired.com published the news titled: “EnerCare Inc. Appoints Additional Director” on October 27, 2014. Marketwired.com‘s news article titled: “EnerCare Completes Acquisition of Direct Energy’s Home and Small Commercial …” with publication date: October 20, 2014 was also an interesting one.

Enercare Inc. is a Canada-based company engaged in home services and sub-metering businesses. The company has a market cap of $1.87 billion. The Firm operates through two divisions: Home Services and Sub-metering. It has a 30.78 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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