Cenovus Energy Inc (CVE) Receives C$21.53 Consensus Price Target from Analysts
Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) has been given an average recommendation of “Buy” by the sixteen analysts that are presently covering the firm. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$21.53.
CVE has been the subject of several research analyst reports. TD Securities lowered shares of Cenovus Energy from a “buy” rating to a “hold” rating and set a C$21.00 price target for the company. in a research report on Wednesday, August 10th. Raymond James Financial Inc. upped their price target on shares of Cenovus Energy from C$19.00 to C$21.00 in a research report on Wednesday, October 12th. Royal Bank Of Canada upped their price target on shares of Cenovus Energy from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Monday, October 31st. Scotiabank upped their price target on shares of Cenovus Energy from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Friday, October 28th. Finally, CSFB upped their price target on shares of Cenovus Energy from C$22.00 to C$24.00 in a research report on Monday, October 24th.
Shares of Cenovus Energy (TSE:CVE) opened at 19.63 on Thursday. The stock’s market capitalization is $16.36 billion. Cenovus Energy has a 52-week low of $12.74 and a 52-week high of $21.39. The stock’s 50 day moving average is $19.67 and its 200 day moving average is $19.02.
Cenovus Energy Company Profile
Cenovus Energy Inc is a Canada-based integrated oil company. It is engaged in the business of developing, producing and marketing crude oil, natural gas liquids (NGLs) and natural gas. Its segments include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations. The Oil Sands segment includes the development and production of bitumen and natural gas in northeast Alberta.
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