GMP Securities Raises CES Energy Solutions Corp (CEU) Price Target to C$9.00
CES Energy Solutions Corp (TSE:CEU) had its target price hoisted by stock analysts at GMP Securities from C$8.00 to C$9.00 in a research note issued on Wednesday. GMP Securities’ price objective would indicate a potential upside of 30.62% from the stock’s previous close.
A number of other brokerages have also recently commented on CEU. Canaccord Genuity increased their price target on shares of CES Energy Solutions Corp from C$7.50 to C$10.00 in a research report on Tuesday, July 11th. Raymond James Financial, Inc. restated a “strong-buy” rating and issued a C$8.50 target price on shares of CES Energy Solutions Corp in a report on Wednesday, August 30th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. CES Energy Solutions Corp has an average rating of “Buy” and an average price target of C$8.71.
CES Energy Solutions Corp (TSE:CEU) traded down 0.87% during midday trading on Wednesday, reaching $6.83. 260,241 shares of the company traded hands. The company’s market capitalization is $1.81 billion. CES Energy Solutions Corp has a one year low of $4.89 and a one year high of $8.65. The stock’s 50 day moving average is $5.97 and its 200 day moving average is $6.20.
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In related news, Director Donald Michael Godfre Stewart sold 15,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of C$5.20, for a total value of C$80,600.00. Also, Director Burton Joel Ahrens sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of C$5.53, for a total value of C$55,300.00. Insiders sold 317,811 shares of company stock worth $1,702,011 in the last 90 days.
About CES Energy Solutions Corp
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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