Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) had its price target lifted by CIBC from C$12.50 to C$14.50 in a research note issued to investors on Monday morning.

A number of other brokerages have also commented on CVE. National Bank Financial raised their price target on Cenovus Energy to C$11.50 in a report on Friday, July 28th. Scotiabank lowered their price target on Cenovus Energy from C$21.00 to C$20.00 and set an outperform rating on the stock in a report on Tuesday, July 4th. Desjardins lowered their price target on Cenovus Energy from C$24.00 to C$20.00 in a report on Tuesday, July 4th. Canaccord Genuity raised their price target on Cenovus Energy from C$14.50 to C$15.00 in a report on Tuesday, September 26th. Finally, BMO Capital Markets reissued a market perform rating and set a C$13.00 price target on shares of Cenovus Energy in a report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of C$16.75.

Shares of Cenovus Energy (CVE) opened at 12.43 on Monday. Cenovus Energy has a 12 month low of $8.89 and a 12 month high of $22.06. The firm’s 50 day moving average is $10.87 and its 200 day moving average is $11.77. The stock has a market capitalization of $15.27 billion and a price-to-earnings ratio of 4.17.

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The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Thursday, September 14th.

About Cenovus Energy

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