Encana Corp (ECA) Price Target Raised to C$20.00 at Raymond James Financial, Inc.

Encana Corp (TSE:ECA) (NYSE:ECA) had its target price hoisted by Raymond James Financial, Inc. to C$20.00 in a report released on Friday, October 20th, StockTargetPrices.com reports. The brokerage currently has a strong-buy rating on the stock.

Several other brokerages also recently issued reports on ECA. TD Securities upgraded shares of Encana Corp from a hold rating to a buy rating and set a C$15.00 target price for the company in a research note on Friday, June 30th. AltaCorp Capital upgraded shares of Encana Corp from a sector perform rating to an outperform rating in a research report on Monday, July 24th. Finally, Royal Bank Of Canada lifted their price objective on shares of Encana Corp to C$16.25 and gave the company an outperform rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of C$16.20.

Encana Corp (ECA) traded down C$0.27 during mid-day trading on Friday, hitting C$16.04. The stock had a trading volume of 4,182,928 shares, compared to its average volume of 4,290,000. Encana Corp has a one year low of C$10.54 and a one year high of C$18.13.

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Encana Corp Company Profile

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. 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.

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