Cenovus Energy Inc (CVE) PT Raised to C$13.50
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.
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About Cenovus Energy
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