Novus Energy Stock Rating Reaffirmed by CIBC (NVS)
Novus Energy (CVE:NVS)‘s stock had its “sector perform” rating reiterated by CIBC in a research note issued on Friday, AnalystRatingsNetwork.com reports. They currently have a C$1.18 price objective on the stock. CIBC’s target price would indicate a potential upside of 3.51% from the stock’s previous close.
A number of other analysts have also recently weighed in on NVS. Analysts at Paradigm Capital raised their price target on shares of Novus Energy (CVE:NVS) from C$1.00 to C$1.18 in a research note to investors on Thursday, September 5th. Separately, analysts at TD Securities downgraded shares of Novus Energy (CVE:NVS) from a “hold” rating to a “tender” rating in a research note to investors on Thursday, September 5th. They now have a C$1.18 price target on the stock, up previously from C$1.00. Finally, analysts at Raymond James downgraded shares of Novus Energy (CVE:NVS) from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, September 4th. They now have a C$1.18 price target on the stock, up previously from C$1.00. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Novus Energy has an average rating of “Buy” and a consensus price target of C$1.16.
Novus Energy Inc (CVE:NVS) is a Calgary-based oil and natural gas company engaged in the acquisition, exploration, development and production of crude oil and natural gas within its primary core area of southwest Saskatchewan, and other areas in central and northwest Alberta and northeast British Columbia.
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