Desjardins Believes EnerCare (TSX: ECI) Still Has Room to Grow

By Carrie Williams

The Financial sector company, EnerCare (TSX: ECI), has received a rating update from a Wall Street analyst on March 7. Analyst Mark Jarvi from Desjardins remains bullish on the stock and has a C$21.50 price target.

Jarvi has an average return of 14.6% when recommending EnerCare.

According to TipRanks.com, Jarvi is ranked #1488 out of 4562 analysts.

Currently, the analyst consensus on EnerCare is Moderate Buy and the average price target is C$21.25, representing a 2.3% upside.

In a report issued on March 7, TD Securities also reiterated a Buy rating on the stock with a C$22 price target.

The company has a one year high of C$21.13 and a one year low of C$15.18. Currently, EnerCare has an average volume of 253.4K.

EnerCare, Inc. engages in the provision of heating ventilation and air-conditioning services. It operates through the following segments: Home Services, Sub-metering, and Corporate. The Home Services segment rent and leases out water heaters, heating ventilation and air-conditioning systems. The Sub-metering segment provides services and equipment to sub-metering and remote measurement of electricity and water in residential and commercial properties. The Corporate segment manages and operates administrative services. The company was founded in December 2002 and is headquartered in Toronto, Canada.