Enercare Inc. (TSE:ECI) had its price objective raised by Scotiabank from C$20.00 to C$24.00 in a research report report published on Wednesday morning. The brokerage currently has an outperform rating on the stock.
Several other brokerages have also commented on ECI. TD Securities lowered Enercare from a buy rating to a hold rating and decreased their price target for the stock from C$22.00 to C$20.00 in a research note on Monday, May 15th. Royal Bank of Canada raised Enercare from a sector perform rating to an outperform rating and boosted their price target for the stock from C$21.00 to C$26.00 in a research note on Tuesday, April 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Enercare has a consensus rating of Buy and an average target price of C$22.60.
Enercare (ECI) opened at 20.33 on Wednesday. The firm has a market cap of $2.13 billion and a PE ratio of 41.66. Enercare has a one year low of $17.08 and a one year high of $21.94. The firm’s 50 day moving average price is $19.21 and its 200-day moving average price is $19.35.
The company also recently declared a monthly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 31st will be paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Wednesday, July 12th.
In related news, Director Scott Jason Boxer acquired 2,170 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average cost of C$18.58 per share, for a total transaction of C$40,318.60. Also, insider Evelyn Louise Sutherland acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average price of C$18.50 per share, with a total value of C$92,500.00. Insiders have bought a total of 12,670 shares of company stock worth $232,329 in the last three months.
Enercare Company Profile
Enercare Inc is a Canada-based company engaged in home services and sub-metering businesses. The Company operates through two segments: Home Services and Sub-metering. Its Home Services segment is engaged in the provision of water heaters, furnaces, air conditioners and other heating, ventilation and air conditioning (HVAC) rental products, protection plans and related services.
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