CES Energy Solutions Corp (TSE:CEU) has been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$8.67.
Several brokerages have issued reports on CEU. Canaccord Genuity increased their price objective on shares of CES Energy Solutions Corp from C$7.50 to C$8.00 in a research report on Monday, August 14th. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a C$8.50 price objective on shares of CES Energy Solutions Corp in a research report on Wednesday, August 30th.
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In other news, insider Kenneth Earl Zinger sold 10,000 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of C$5.35, for a total transaction of C$53,500.00. Also, Director Thomas James Simons sold 152,455 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of C$5.35, for a total value of C$815,634.25. Insiders sold 335,002 shares of company stock valued at $1,800,736 in the last ninety days.
Shares of CES Energy Solutions Corp (TSE CEU) traded up 0.51% on Friday, reaching $5.86. 484,436 shares of the company were exchanged. The stock’s market capitalization is $1.56 billion. The company has a 50-day moving average price of $5.48 and a 200 day moving average price of $6.31. CES Energy Solutions Corp has a 1-year low of $4.46 and a 1-year high of $8.65.
About CES Energy Solutions Corp
CES Energy Solutions Corp, formerly Canadian Energy Services & Technology Corp, is a Canada-based provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. The Company offers total solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.
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