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.
TRADEMARK VIOLATION WARNING: “Cenovus Energy Inc (CVE) PT Raised to C$16.00 at CIBC” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://stocknewstimes.com/2017/11/16/cenovus-energy-inc-cve-pt-raised-to-c16-00-at-cibc.html.
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
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 MarketBeat.com's FREE daily email newsletter.