Cenovus Energy (TSE:CVE) (NYSE:CVE) had its price target increased by equities researchers at Citigroup from C$10.00 to C$13.00 in a research note issued on Monday. Citigroup’s price target points to a potential upside of 7.00% from the stock’s previous close.

A number of other brokerages have also issued reports on CVE. National Bank Financial lifted 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 note on Friday, October 20th. BMO Capital Markets boosted their price objective on Cenovus Energy from C$12.00 to C$14.00 in a research note on Friday, November 3rd. Canaccord Genuity boosted their price objective on Cenovus Energy from C$14.50 to C$15.00 in a research note on Tuesday, September 26th. TD Securities boosted their price objective on Cenovus Energy from C$12.50 to C$13.50 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Finally, AltaCorp Capital lowered Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$15.32.

Shares of Cenovus Energy (TSE CVE) traded down C$0.04 during trading hours on Monday, hitting C$12.15. The stock had a trading volume of 2,446,022 shares, compared to its average volume of 3,717,677. Cenovus Energy has a 12-month low of C$8.89 and a 12-month high of C$22.06.

In other Cenovus Energy news, Director Rhonda Ivy Zygocki purchased 7,200 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average price of C$14.48 per share, with a total value of C$104,256.00. Also, Director Patrick Darold Daniel purchased 35,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of C$13.97 per share, for a total transaction of C$488,950.00. In the last ninety days, insiders bought 153,633 shares of company stock worth $1,967,303.

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Cenovus Energy Company Profile

Analyst Recommendations for Cenovus Energy (TSE:CVE)

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