Cenovus Energy Inc (CVE) PT Raised to C$16.00 at CIBC

Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) had its price objective boosted by stock analysts at CIBC from C$14.50 to C$16.00 in a research note issued on Tuesday. CIBC’s target price indicates a potential upside of 23.17% from the company’s current price.

CVE has been the subject of a number of other reports. National Bank Financial decreased their price objective 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 increased their price target on Cenovus Energy from C$11.00 to C$11.50 in a research note on Thursday, September 14th. Raymond James Financial, Inc. increased their price target on Cenovus Energy to C$9.00 and gave the company an “underperform” rating in a research note on Friday, July 28th. Canaccord Genuity increased their price target on Cenovus Energy from C$14.00 to C$14.50 in a research note on Wednesday, September 6th. Finally, CSFB decreased their price target on Cenovus Energy from C$20.00 to C$15.00 and set an “outperform” rating for the company in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of C$15.50.

Cenovus Energy (TSE:CVE) opened at C$12.99 on Tuesday. Cenovus Energy has a fifty-two week low of C$8.89 and a fifty-two week high of C$22.06.

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In other Cenovus Energy news, Director Patrick Darold Daniel bought 35,000 shares of Cenovus Energy stock in a transaction dated Monday, November 6th. The stock was bought at an average price of C$13.97 per share, for a total transaction of C$488,950.00. Also, Director Rhonda Ivy Zygocki bought 7,200 shares of Cenovus Energy stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average price of C$14.48 per share, with a total value of C$104,256.00.

Cenovus Energy Company Profile

Analyst Recommendations for Cenovus Energy (TSE:CVE)

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