Encana To Remain Around Current Levels, Vetr Crowd Says

Shares of Encana Corp (USA) ECA have lost more than 4.5 percent of their value over the last five trading days. The Vetr crowd seems to believe this decline has extinguished the stock’s downside potential, as evidenced by its average price target of $10.74, which implies a potential return of roughly 0.4 percent from current valuations.

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Seeking to better reflect the absence of downside, the Vetr community upgraded its rating on shares of Encana on Tuesday, from 2.5 Stars (Sell) to 3.0 Stars (Hold) – out of a possible 5 Stars rating.

It should be noted that, in accordance with the current score and price target, 57 percent of the crowd’s ratings are bullish right now.