Royal Bank Of Canada Raises Husky Energy Inc. (HSE) Price Target to C$17.00
Husky Energy Inc. (TSE:HSE) had its price objective increased by analysts at Royal Bank Of Canada from C$16.00 to C$17.00 in a report released on Friday. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 3.09% from the stock’s current price.
A number of other analysts also recently issued reports on the stock. CIBC reduced their price target on shares of Husky Energy from C$19.00 to C$17.50 in a report on Thursday, July 20th. TD Securities downgraded shares of Husky Energy from a “buy” rating to a “hold” rating and reduced their price target for the company from C$19.00 to C$18.00 in a report on Friday, June 30th. Barclays PLC lifted their price target on shares of Husky Energy from C$16.00 to C$17.00 in a report on Tuesday, October 10th. JPMorgan Chase & Co. lifted their price target on shares of Husky Energy from C$15.00 to C$16.00 in a report on Thursday, September 14th. Finally, AltaCorp Capital downgraded shares of Husky Energy from an “outperform” rating to a “sector perform” rating in a report on Monday, July 24th. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$18.10.
Shares of Husky Energy (HSE) traded up 2.49% on Friday, reaching $16.49. 1,311,414 shares of the company traded hands. The firm has a market capitalization of $16.58 billion and a P/E ratio of 10.95. Husky Energy has a 1-year low of $13.39 and a 1-year high of $17.42. The stock has a 50-day moving average price of $15.38 and a 200 day moving average price of $15.22.
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Husky Energy Company Profile
Husky Energy Inc is an integrated energy company. The Company operates through two segments. The Upstream segment includes exploration, development and production of crude oil, bitumen, natural gas and natural gas liquids, and marketing of the Company’s and other producers’ crude oil, natural gas, natural gas liquids, sulfur and petroleum coke, pipeline transportation, the blending of crude oil and natural gas, and storage of crude oil, diluent and natural gas.
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