Cenovus Energy Inc (CVE) Price Target Raised to C$14.00
Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) had its target price increased by stock analysts at BMO Capital Markets from C$12.00 to C$14.00 in a note issued to investors on Friday. BMO Capital Markets’ target price points to a potential upside of 3.17% from the stock’s previous close.
Several other research firms also recently issued reports on CVE. National Bank Financial increased their target price on Cenovus Energy to C$11.50 in a research report on Friday, July 28th. Canaccord Genuity increased their price objective on Cenovus Energy from C$14.50 to C$15.00 in a research report on Tuesday, September 26th. J P Morgan Chase & Co increased their price objective on Cenovus Energy from C$12.50 to C$14.00 in a research report on Friday. Barclays PLC increased their price objective 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. Finally, CIBC lowered their price objective on Cenovus Energy from C$13.00 to C$11.00 in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Cenovus Energy has an average rating of “Hold” and an average price target of C$15.85.
Cenovus Energy (TSE:CVE) traded up C$0.56 during trading hours on Friday, hitting C$13.57. The company’s stock had a trading volume of 3,998,200 shares.
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About Cenovus Energy
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