EnerCare Gets a Buy Rating from Desjardins

By Ryan Adsit

EnerCare (TSX: ECI), the Financial sector company, has received a rating update from a Wall Street analyst on January 30. On January 30, analyst Bill Cabel gave a Buy rating to ECI and set a C$21.50 price target.

Cabel has an average return of 14.3% when recommending EnerCare.

According to TipRanks.com, Cabel is ranked #549 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 January 17, TD Securities also upgraded the stock to Buy with a C$21 price target.

EnerCare’s market cap is currently C$2.16B and has a P/E ratio of 33.5.

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.