Scotiabank Sticks to Their Hold Rating for EnerCare

By Carrie Williams

EnerCare (TSX: ECI), the Financial sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. Analyst George Doumet from Scotiabank rated EnerCare (TSX: ECI) a Hold, setting a C$20 price target.

According to TipRanks.com, Doumet is ranked #401 out of 4562 analysts.

EnerCare has an analyst consensus of Strong Buy, with a price target consensus of C$22.38.

EnerCare’s market cap is currently C$1.98B and has a P/E ratio of 34.7.

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.

The company’s shares closed last Friday at $18.97.