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.
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Cenovus Energy Company Profile
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