Cenovus Energy (TSE:CVE) (NYSE:CVE) had its target price boosted by equities researchers at TD Securities from C$13.50 to C$14.00 in a report issued on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential upside of 24.33% from the stock’s previous close.
CVE has been the subject of a number of other reports. CIBC boosted their price objective on Cenovus Energy from C$14.50 to C$16.00 in a report on Tuesday, November 14th. CSFB decreased their price objective on Cenovus Energy from C$20.00 to C$15.00 and set an “outperform” rating for the company in a report on Monday, August 21st. Citigroup boosted their price objective on Cenovus Energy from C$10.00 to C$13.00 in a report on Monday. AltaCorp Capital lowered Cenovus Energy from an “outperform” rating to a “sector perform” rating in a report on Thursday, November 9th. Finally, Canaccord Genuity boosted their price objective on Cenovus Energy from C$14.50 to C$15.00 in a report on Tuesday, September 26th. One research 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. Cenovus Energy presently has an average rating of “Hold” and an average price target of C$15.36.
Shares of Cenovus Energy (CVE) traded down C$0.66 on Friday, reaching C$11.26. The company’s stock had a trading volume of 6,793,150 shares, compared to its average volume of 3,724,085. Cenovus Energy has a 1 year low of C$8.89 and a 1 year high of C$21.41.
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About Cenovus Energy
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