GMP Securities Boosts CES Energy Solutions Corp. (CEU) Price Target to C$9.50

CES Energy Solutions Corp. (TSE:CEU) had its price target hoisted by stock analysts at GMP Securities from C$9.00 to C$9.50 in a report released on Monday. GMP Securities’ price target indicates a potential upside of 44.16% from the company’s previous close.

CEU has been the subject of a number of other research reports. Canaccord Genuity boosted their price target on CES Energy Solutions Corp. from C$7.50 to C$8.00 in a research note on Monday, August 14th. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a C$8.50 price target on shares of CES Energy Solutions Corp. in a research note on Wednesday, August 30th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$9.17.

CES Energy Solutions Corp. (TSE:CEU) traded down C$0.37 during mid-day trading on Monday, reaching C$6.59. The company had a trading volume of 1,514,557 shares, compared to its average volume of 488,792. CES Energy Solutions Corp. has a fifty-two week low of C$4.94 and a fifty-two week high of C$8.65.

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In related news, Director Thomas James Simons sold 152,455 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of C$5.35, for a total value of C$815,634.25. Also, Director Donald Michael Godfre Stewart sold 15,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of C$5.20, for a total value of C$80,600.00. In the last three months, insiders have sold 317,811 shares of company stock valued at $1,702,011.

CES Energy Solutions Corp. Company Profile

CES Energy Solutions Corp, formerly Canadian Energy Services & Technology Corp, is a Canada-based provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. The Company offers total solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.

Analyst Recommendations for CES Energy Solutions Corp. (TSE:CEU)

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