Cenovus Energy Inc (CVE) PT Raised to C$11.50

Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) had its price objective increased by stock analysts at J P Morgan Chase & Co from C$11.00 to C$11.50 in a report issued on Thursday. J P Morgan Chase & Co’s price objective would suggest a potential upside of 4.36% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Canaccord Genuity raised their price target on shares of Cenovus Energy from C$14.00 to C$14.50 in a research report on Wednesday, September 6th. National Bank Financial reduced their price target on shares of Cenovus Energy from C$11.50 to C$11.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 6th. CSFB reduced 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 report on Monday, August 21st. Raymond James Financial, Inc. raised their price target on shares of Cenovus Energy to C$9.00 and gave the company an “underperform” rating in a research report on Friday, July 28th. Finally, CIBC reduced their price target on shares of Cenovus Energy from C$13.00 to C$11.00 in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$16.71.

Cenovus Energy (TSE:CVE) opened at 11.02 on Thursday. The stock has a 50 day moving average price of $10.00 and a 200-day moving average price of $12.20. The stock has a market cap of $13.54 billion and a P/E ratio of 3.70. Cenovus Energy has a 52 week low of $8.89 and a 52 week high of $22.06.

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In related news, insider Ivor Melvin Ruste bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The shares were bought at an average price of C$9.16 per share, for a total transaction of C$91,600.00.

Cenovus Energy Company Profile

Analyst Recommendations for Cenovus Energy (TSE:CVE)

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