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Raymond James cut their target price on shares of Canadian Oil Sands (TSE:COS) from C$21.00 to C$20.50 in a research note issued on Friday, American Banking and Market News reports. The firm currently has a “market perform” rating on the stock. Raymond James’ target price indicates a potential downside of 15.04% from the stock’s previous close.

Canadian Oil Sands (TSE:COS) traded down 4.31% during mid-day trading on Friday, hitting $23.09. The stock had a trading volume of 2,822,625 shares. Canadian Oil Sands has a 52-week low of $18.85 and a 52-week high of $24.46. The stock has a 50-day moving average of $22.67 and a 200-day moving average of $20.90. The company has a price-to-earnings ratio of 14.03.

A number of other firms have also recently commented on COS. Analysts at National Bank Financial downgraded shares of Canadian Oil Sands from a “sector perform” rating to an “underperform” rating in a research note on Friday. They now have a C$21.50 price target on the stock, down previously from C$22.00. Separately, analysts at NBF downgraded shares of Canadian Oil Sands to an “underperform” rating in a research note on Friday. They now have a C$21.50 price target on the stock, down previously from C$22.00. Finally, analysts at Barclays raised their price target on shares of Canadian Oil Sands from C$22.00 to C$23.00 in a research note on Tuesday. They now have an “equal weight” rating on the stock. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$22.64.

Canadian Oil Sands Limited is a pure investment opportunity in light, sweet crude oil. Through its 36.

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