RBC Capital Downgrades EnerCare (ECI) to Hold

By Ryan Adsit

The Financial sector company, EnerCare (TSX: ECI), has received a rating update from a Wall Street analyst yesterday. RBC Capital’s analyst Nelson Ng downgraded ECI to Hold , with a C$29 price target.

Ng has an average return of 18.3% when recommending EnerCare.

According to TipRanks.com, Ng is ranked #1389 out of 4853 analysts.

EnerCare has an analyst consensus of Strong Buy, with a price target consensus of C$24.63.

The company has a one-year high of C$28.93 and a one-year low of C$16.45. Currently, EnerCare has an average volume of 397K.

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 company’s shares closed on Thursday at C$28.88, close to its 52-week high of C$28.93.