Scotiabank Reiterates “Focus Stock” Rating for Canadian Energy Services & Tech Corp (CEU)
Canadian Energy Services & Tech Corp (TSE:CEU)‘s stock had its “focus stock” rating restated by equities research analysts at Scotiabank in a research note issued to investors on Wednesday, American Banking and Market News reports. They currently have a C$38.00 price objective on the stock. Scotiabank’s price objective would indicate a potential upside of 12.59% from the stock’s previous close.
CEU has been the subject of a number of other recent research reports. Analysts at FirstEnergy Capital raised their price target on shares of Canadian Energy Services & Tech Corp from C$26.00 to C$30.00 in a research note on Monday, March 17th. Separately, analysts at RBC Capital raised their price target on shares of Canadian Energy Services & Tech Corp from C$25.00 to C$29.00 in a research note on Monday, March 17th. They now have a “sector perform” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Canadian Energy Services & Tech Corp from C$24.00 to C$30.00 in a research note on Wednesday, March 5th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Canadian Energy Services & Tech Corp has a consensus rating of “Buy” and an average target price of C$29.17.
Shares of Canadian Energy Services & Tech Corp (TSE:CEU) traded up 2.27% on Wednesday, hitting $33.75. 517,863 shares of the company’s stock traded hands. Canadian Energy Services & Tech Corp has a 1-year low of $13.20 and a 1-year high of $35.05. The stock has a 50-day moving average of $30.91 and a 200-day moving average of $24.92. The company has a market cap of $2.270 billion and a price-to-earnings ratio of 55.93.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Monday, April 28th.
Canadian Energy Services & Technology Corp. (TSE:CEU) is a provider of technically advanced consumable chemical solutions throughout the life-cycle of the oilfield.
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