Canadian Natural Resources Limited (CNQ) Price Target Raised to C$51.00 at TD Securities
Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) had its target price raised by equities researchers at TD Securities from C$49.00 to C$51.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 10.85% from the company’s previous close.
A number of other research firms also recently commented on CNQ. National Bank Financial reiterated an “outperform” rating and issued a C$52.00 target price on shares of Canadian Natural Resources Limited in a research report on Friday. GMP Securities boosted their target price on Canadian Natural Resources Limited from C$52.00 to C$56.00 in a research report on Friday. Royal Bank Of Canada boosted their target price on Canadian Natural Resources Limited from C$50.00 to C$51.00 and gave the stock a “top pick” rating in a research report on Friday. J P Morgan Chase & Co upped their price objective on Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research report on Friday. Finally, Canaccord Genuity upped their price objective on Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research report on Wednesday, September 6th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of C$50.00.
Canadian Natural Resources Limited (TSE:CNQ) traded up C$0.74 during trading hours on Friday, hitting C$46.01. The company had a trading volume of 3,140,000 shares, compared to its average volume of 1,970,000. Canadian Natural Resources Limited has a 12 month low of C$35.90 and a 12 month high of C$46.74.
ILLEGAL ACTIVITY NOTICE: “Canadian Natural Resources Limited (CNQ) Price Target Raised to C$51.00 at TD Securities” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/11/04/canadian-natural-resources-limited-cnq-price-target-raised-to-c51-00-at-td-securities.html.
In other news, insider Allan E. Frankiw sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of C$38.77, for a total value of C$38,770.00. Also, insider Corey B. Bieber sold 2,000 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of C$42.34, for a total value of C$84,680.00. Over the last quarter, insiders sold 178,331 shares of company stock worth $7,223,721.
About Canadian Natural Resources Limited
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
Receive News & Ratings for Canadian Natural Resources Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources Limited and related companies with MarketBeat.com's FREE daily email newsletter.