Canadian Natural Resources Limited Stock Rating Upgraded by Canaccord Genuity (CNQ)
Canadian Natural Resources Limited (TSE:CNQ) was upgraded by stock analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a report issued on Thursday, Analyst Ratings.Net reports.
Shares of Canadian Natural Resources Limited (TSE:CNQ) traded up 4.34% during mid-day trading on Thursday, hitting $33.42. The stock had a trading volume of 2,728,161 shares. Canadian Natural Resources Limited has a 52 week low of $26.88 and a 52 week high of $34.635. The stock’s 50-day moving average is $31.91 and its 200-day moving average is $31.3. The company has a market cap of $36.343 billion and a P/E ratio of 25.02.
Separately, analysts at TD Securities downgraded shares of Canadian Natural Resources Limited from a “buy” rating to a “hold” rating in a research note to investors on Monday, July 29th. They now have a C$38.00 price target on the stock, down previously from C$40.00. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Canadian Natural Resources Limited has an average rating of “Buy” and a consensus target price of C$38.08.
Canadian Natural Resources Limited is a Canadian independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas liquids (TSE:CNQ), and natural gas production.
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