BMO Capital Markets Raises Cenovus Energy Inc (CVE) Price Target to C$14.00
Other analysts have also recently issued research reports about the stock. J P Morgan Chase & Co increased their price target on shares of Cenovus Energy from C$12.50 to C$14.00 in a research note on Friday. CIBC increased their price target on shares of Cenovus Energy from C$12.50 to C$14.50 in a research note on Monday, October 2nd. Canaccord Genuity increased their price target on shares of Cenovus Energy from C$14.00 to C$14.50 in a research note on Wednesday, September 6th. National Bank Financial increased their price target on shares of Cenovus Energy to C$11.50 in a research note on Friday, July 28th. Finally, CSFB decreased their price target on shares of 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 analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of C$15.85.
Shares of Cenovus Energy (TSE:CVE) opened at C$14.27 on Friday. Cenovus Energy has a 52 week low of C$8.89 and a 52 week high of C$22.06.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, December 14th.
In other 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.
Cenovus Energy Company Profile
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