Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) had its price objective boosted by equities research analysts at TD Securities from C$12.50 to C$13.50 in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential downside of 0.52% from the stock’s current price.

Several other analysts have also recently weighed in on the company. BMO Capital Markets lifted their price target on Cenovus Energy from C$12.00 to C$14.00 in a report on Friday. J P Morgan Chase & Co raised their price objective on Cenovus Energy from C$12.50 to C$14.00 in a research note on Friday. National Bank Financial raised their price objective on Cenovus Energy from C$12.50 to C$13.00 and gave the stock a “sector perform” rating in a research note on Friday, October 20th. CIBC raised their price objective on Cenovus Energy from C$12.50 to C$14.50 in a research note on Monday, October 2nd. Finally, Barclays PLC raised their price objective on Cenovus Energy from C$15.00 to C$17.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Cenovus Energy currently has an average rating of “Hold” and a consensus target price of C$15.85.

Cenovus Energy (CVE) traded up C$0.56 on Friday, hitting C$13.57. The stock had a trading volume of 3,998,200 shares.

TRADEMARK VIOLATION NOTICE: “Cenovus Energy Inc (CVE) PT Raised to C$13.50” was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/11/04/cenovus-energy-inc-cve-pt-raised-to-c13-50.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.