Cenovus Energy Inc (CVE) Price Target Increased to C$14.00 by Analysts at J P Morgan Chase & Co
Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) had its price objective boosted by equities research analysts at J P Morgan Chase & Co from C$12.50 to C$14.00 in a research note issued to investors on Friday. J P Morgan Chase & Co’s price target suggests a potential upside of 3.28% from the stock’s current price.
Several other research firms also recently commented on CVE. National Bank Financial cut their price objective on Cenovus Energy from C$11.50 to C$11.00 and set a “sector perform” rating for the company in a report on Wednesday, September 6th. Canaccord Genuity increased their price objective on Cenovus Energy from C$14.00 to C$14.50 in a report on Wednesday, September 6th. Raymond James Financial, Inc. increased their price objective on Cenovus Energy to C$9.00 and gave the company an “underperform” rating in a report on Friday, July 28th. CIBC cut their price objective on Cenovus Energy from C$13.00 to C$11.00 in a report on Thursday, July 20th. Finally, Barclays PLC increased their price objective on Cenovus Energy from C$15.00 to C$17.00 and gave the company an “overweight” rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$15.85.
Shares of Cenovus Energy (TSE:CVE) traded up C$0.55 on Friday, hitting C$13.56. 3,618,174 shares of the stock traded hands.
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About Cenovus Energy
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