CES Energy Solutions Corp (CEU) Price Target Raised to C$10.00 at Canaccord Genuity
CES Energy Solutions Corp (TSE:CEU) had its price objective lifted by equities research analysts at Canaccord Genuity from C$7.50 to C$10.00 in a research report issued to clients and investors on Tuesday. Canaccord Genuity’s target price would indicate a potential upside of 71.53% from the company’s current price.
CEU has been the topic of a number of other research reports. Raymond James Financial, Inc. reissued a “strong-buy” rating and issued a C$7.50 price target on shares of CES Energy Solutions Corp in a research note on Monday, March 20th. Scotiabank reissued an “outperform” rating and issued a C$11.00 price target on shares of CES Energy Solutions Corp in a research note on Monday, March 13th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$9.00 price target on shares of CES Energy Solutions Corp in a research note on Monday, May 15th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$7.67.
CES Energy Solutions Corp (TSE:CEU) traded up 0.51% during trading on Tuesday, hitting $5.86. 92,189 shares of the stock traded hands. The stock’s market cap is $1.55 billion. CES Energy Solutions Corp has a 52-week low of $5.27 and a 52-week high of $5.98. The stock has a 50 day moving average price of $6.35 and a 200-day moving average price of $7.14.
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In other CES Energy Solutions Corp news, insider Kenneth Earl Zinger sold 29,089 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of C$7.14, for a total value of C$207,695.46. Also, Director Donald Michael Godfre Stewart sold 18,361 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of C$7.30, for a total value of C$134,035.30. Insiders sold a total of 82,267 shares of company stock worth $560,228 in the last 90 days.
CES Energy Solutions Corp Company Profile
CES Energy Solutions Corp, formerly Canadian Energy Services & Technology Corp, is a Canada-based provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. The Company offers total solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.
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