Cenovus Energy Rating Reiterated by Raymond James (CVE)
Cenovus Energy (TSE:CVE)‘s stock had its “outperform” rating reiterated by equities researchers at Raymond James in a research report issued on Monday, AnalystRatings.NET reports. They currently have a C$40.00 price objective on the stock, up from their previous price objective of C$37.50. Raymond James’ target price suggests a potential upside of 38.41% from the stock’s previous close.
Shares of Cenovus Energy (TSE:CVE) traded down 1.06% on Monday, hitting $28.87. The stock had a trading volume of 1,490,586 shares. Cenovus Energy has a one year low of $28.32 and a one year high of $34.13. The stock’s 50-day moving average is $29.93 and its 200-day moving average is $30.52. The company has a market cap of $21.821 billion and a P/E ratio of 36.94.
A number of other firms have also recently commented on CVE. Analysts at Canaccord Genuity raised their price target on shares of Cenovus Energy from C$37.00 to C$39.00 in a research note to investors on Tuesday, January 7th. They now have a “buy” rating on the stock. Analysts at Desjardins initiated coverage on shares of Cenovus Energy in a research note to investors on Monday, November 25th. They set a “buy” rating on the stock. Nine research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of C$39.38.
Cenovus Energy, Inc is a Canada-based investment firm that is focused on the oil and gas industry. Its objective is to advance technologies that reduce the amount of land, water and energy.
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