Canadian Natural Resources Limited Given New C$45.00 Price Target at TD Securities (CNQ)
Stock analysts at TD Securities boosted their target price on shares of Canadian Natural Resources Limited (TSE:CNQ) from C$39.00 to C$45.00 in a report issued on Friday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective points to a potential upside of 10.05% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Macquarie upgraded shares of Canadian Natural Resources Limited from a “neutral” rating to an “outperform” rating in a research note on Thursday. Separately, analysts at National Bank Financial raised their price target on shares of Canadian Natural Resources Limited from C$45.00 to C$48.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$41.38.
Canadian Natural Resources Limited (TSE:CNQ) traded up 1.74% during mid-day trading on Friday, hitting $41.60. The stock had a trading volume of 1,689,910 shares. Canadian Natural Resources Limited has a 52 week low of $28.44 and a 52 week high of $41.42. The stock has a 50-day moving average of $36.55 and a 200-day moving average of $33.94. The company has a market cap of $45.174 billion and a P/E ratio of 20.24.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.