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.

TRADEMARK VIOLATION NOTICE: “Cenovus Energy Inc (CVE) Price Target Raised to C$14.00” was published by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/11/04/cenovus-energy-inc-cve-price-target-raised-to-c14-00.html.

About Cenovus Energy

Analyst Recommendations for Cenovus Energy (TSE:CVE)

Receive News & Ratings for Cenovus Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cenovus Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.