Canadian Natural Resources Limited’s Market Perform Rating Reaffirmed at Raymond James (CNQ)
Canadian Natural Resources Limited (TSE:CNQ)‘s stock had its “market perform” rating reaffirmed by equities researchers at Raymond James in a research report issued on Monday, Analyst Ratings.Net reports. They currently have a C$38.00 price target on the stock, up from their previous price target of C$37.50. Raymond James’ price target suggests a potential upside of 7.19% from the stock’s previous close.
A number of other firms have also recently commented on CNQ. Analysts at Barclays raised their price target on shares of Canadian Natural Resources Limited from C$40.00 to C$44.00 in a research note to investors on Monday, January 13th. They now have an “overweight” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Canadian Natural Resources Limited from C$42.00 to C$45.00 in a research note to investors on Tuesday, January 7th. They now have a “buy” rating on the stock. Finally, analysts at Desjardins initiated coverage on shares of Canadian Natural Resources Limited in a research note to investors on Monday, November 25th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$39.00.
Shares of Canadian Natural Resources Limited (TSE:CNQ) traded down 0.28% on Monday, hitting $35.37. 2,533,491 shares of the company’s stock traded hands. Canadian Natural Resources Limited has a 52-week low of $28.44 and a 52-week high of $36.42. The stock has a 50-day moving average of $35.23 and a 200-day moving average of $33.38. The company has a market cap of $38.409 billion and a P/E ratio of 17.56.
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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