Cenovus Energy Inc (CVE) Price Target Raised to C$14.00
Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) had its price target raised by J P Morgan Chase & Co from C$12.50 to C$14.00 in a note issued to investors on Friday. J P Morgan Chase & Co’s price objective would indicate a potential upside of 3.17% from the company’s current price.
Several other equities analysts have also issued reports on the company. National Bank Financial raised their price target on Cenovus Energy from C$12.50 to C$13.00 and gave the stock a “sector perform” rating in a research report on Friday, October 20th. CIBC raised their price target on Cenovus Energy from C$12.50 to C$14.50 in a research report on Monday, October 2nd. Barclays PLC raised their price target on Cenovus Energy from C$15.00 to C$17.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 26th. Canaccord Genuity raised their price target on Cenovus Energy from C$14.50 to C$15.00 in a research report on Tuesday, September 26th. Finally, CSFB reduced their price target on Cenovus Energy from C$20.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$15.85.
Shares of Cenovus Energy (CVE) traded up C$0.56 during midday trading on Friday, hitting C$13.57. The company had a trading volume of 3,998,200 shares.
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Cenovus Energy Company Profile
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