Canadian Natural Resources Limited (CNQ) PT Raised to C$56.00 at GMP Securities
Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) had its price target boosted by investment analysts at GMP Securities from C$52.00 to C$56.00 in a research note issued to investors on Friday. GMP Securities’ price objective would suggest a potential upside of 21.71% from the company’s previous close.
Several other analysts have also commented on CNQ. Barclays PLC decreased their price objective on Canadian Natural Resources Limited from C$50.00 to C$34.00 in a report on Thursday, July 6th. CIBC decreased their price objective on Canadian Natural Resources Limited from C$55.00 to C$50.00 in a report on Thursday, July 20th. National Bank Financial increased their price objective on Canadian Natural Resources Limited from C$47.00 to C$49.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Canaccord Genuity increased their price objective on Canadian Natural Resources Limited from C$47.00 to C$48.00 in a report on Wednesday, September 6th. Finally, Royal Bank Of Canada increased their price objective on Canadian Natural Resources Limited from C$50.00 to C$51.00 and gave the company a “top pick” rating in a report on Friday. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$50.00.
Shares of Canadian Natural Resources Limited (CNQ) traded up C$0.74 on Friday, hitting C$46.01. The stock 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.
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In other news, insider Réal Michel Cusson bought 22,500 shares of Canadian Natural Resources Limited stock in a transaction that occurred on Monday, September 25th. The stock was bought at an average price of C$28.74 per share, for a total transaction of C$646,650.00. Also, insider Betty Yee sold 3,800 shares of the firm’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of C$41.27, for a total value of C$156,826.00. Insiders sold a total of 178,331 shares of company stock valued at $7,223,721 in the last 90 days.
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.
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