Scotiabank Increases Enercare Inc. (ECI) Price Target to C$24.00

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.

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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.

Analyst Recommendations for Enercare (TSE:ECI)

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