CIBC Boosts Cenovus Energy (TSE:CVE) Price Target to C$16.00

Cenovus Energy (TSE:CVE) (NYSE:CVE) had its target price lifted by equities research analysts at CIBC from C$14.50 to C$16.00 in a research report issued on Tuesday, November 14th. CIBC’s price target would indicate a potential upside of 24.32% from the company’s current price.

Other research analysts have also issued research reports about the company. Canaccord Genuity increased their price objective on Cenovus Energy from C$14.50 to C$15.00 in a report on Tuesday, September 26th. National Bank Financial increased their price objective on Cenovus Energy to C$11.50 in a report on Friday, July 28th. J P Morgan Chase & Co increased their price objective on Cenovus Energy from C$11.00 to C$11.50 in a report on Thursday, September 14th. BMO Capital Markets raised their target price on Cenovus Energy from C$12.00 to C$14.00 in a report on Friday, November 3rd. Finally, TD Securities raised their target price on Cenovus Energy from C$12.50 to C$13.50 and gave the company a “hold” rating in a report on Friday, November 3rd. 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 stock presently has a consensus rating of “Hold” and a consensus price target of C$15.50.

Cenovus Energy (CVE) traded up C$0.57 on Tuesday, hitting C$12.87. The stock had a trading volume of 4,440,000 shares, compared to its average volume of 3,450,000. Cenovus Energy has a 52 week low of C$8.89 and a 52 week high of C$22.06.

In related news, Director Patrick Darold Daniel acquired 35,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average cost of C$13.97 per share, with a total value of C$488,950.00. Also, Director Rhonda Ivy Zygocki acquired 7,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were bought at an average cost of C$14.48 per share, with a total value of C$104,256.00. In the last quarter, insiders acquired 153,633 shares of company stock valued at $1,967,303.

ILLEGAL ACTIVITY WARNING: This news story was reported by BBNS and is the property of of BBNS. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://baseballnewssource.com/markets/cenovus-energy-inc-cve-price-target-raised-to-c16-00/1782716.html.

Cenovus Energy Company Profile

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 our FREE daily email newsletter.

 


Latest News

Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan


Leave a Reply

 
© 2006-2017 BBNS.