Cenovus Energy (TSE:CVE) (NYSE:CVE) had its price objective raised by stock analysts at TD Securities from C$13.50 to C$14.00 in a note issued to investors on Friday. The firm presently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential upside of 24.33% from the stock’s current price.

CVE has been the subject of several other reports. CIBC upped their target price on Cenovus Energy from C$12.50 to C$14.50 in a report on Monday, October 2nd. National Bank Financial reduced their target price on Cenovus Energy from C$11.50 to C$11.00 and set a “sector perform” rating for the company in a report on Wednesday, September 6th. J P Morgan Chase & Co upped their target price on Cenovus Energy from C$11.00 to C$11.50 in a report on Thursday, September 14th. Canaccord Genuity upped their target price on Cenovus Energy from C$14.00 to C$14.50 in a report on Wednesday, September 6th. Finally, CSFB reduced their target price on Cenovus Energy from C$20.00 to C$15.00 and set an “outperform” rating for the company in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of C$15.36.

Shares of Cenovus Energy (TSE:CVE) traded down C$0.66 on Friday, reaching C$11.26. The company’s stock had a trading volume of 6,793,150 shares, compared to its average volume of 3,724,085. Cenovus Energy has a 1 year low of C$8.89 and a 1 year high of C$21.41.

In other news, insider Ivor Melvin Ruste purchased 30,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were purchased at an average price of C$12.47 per share, with a total value of C$374,100.00. Also, Director Alex Pourbaix purchased 81,433 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was purchased at an average cost of C$12.28 per share, for a total transaction of C$999,997.24. In the last 90 days, insiders have acquired 153,633 shares of company stock worth $1,967,303.

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About Cenovus Energy

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