J P Morgan Chase & Co Increases Cenovus Energy Inc (CVE) Price Target to C$11.50
Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) had its target price boosted by research analysts at J P Morgan Chase & Co from C$11.00 to C$11.50 in a report issued on Thursday. J P Morgan Chase & Co’s price target points to a potential upside of 3.51% from the company’s current price.
A number of other equities research analysts have also issued reports on CVE. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$22.00 target price on shares of Cenovus Energy in a report on Wednesday, May 24th. CSFB reaffirmed an “outperform” rating and set a C$20.00 target price on shares of Cenovus Energy in a report on Friday, May 26th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$13.00 target price on shares of Cenovus Energy in a report on Wednesday, June 21st. CIBC dropped their target price on shares of Cenovus Energy from C$18.00 to C$13.00 in a report on Wednesday, June 21st. Finally, Desjardins dropped their target price on shares of Cenovus Energy from C$20.00 to C$14.00 and set a “buy” rating for the company in a report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Cenovus Energy presently has a consensus rating of “Buy” and a consensus price target of C$16.71.
Cenovus Energy (TSE CVE) traded up 1.65% during trading on Thursday, reaching $11.11. 6,439,907 shares of the company’s stock traded hands. Cenovus Energy has a one year low of $8.89 and a one year high of $22.06. The company has a 50-day moving average price of $9.96 and a 200 day moving average price of $12.25. The firm has a market capitalization of $13.65 billion and a PE ratio of 3.73.
In other news, insider Ivor Melvin Ruste purchased 10,000 shares of the stock in a transaction dated Thursday, July 6th. The shares were purchased at an average price of C$9.16 per share, with a total value of C$91,600.00.
Cenovus Energy Company Profile
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