CES Energy Solutions (CEU) Given New C$7.00 Price Target at Raymond James
CES Energy Solutions (TSE:CEU) had its price target trimmed by Raymond James from C$7.50 to C$7.00 in a research note issued to investors on Monday. They currently have a strong-buy rating on the stock.
Several other research analysts have also issued reports on CEU. Canaccord Genuity cut their target price on shares of CES Energy Solutions from C$8.00 to C$7.25 in a research report on Tuesday, July 10th. BMO Capital Markets cut their target price on shares of CES Energy Solutions from C$9.00 to C$8.00 in a research report on Monday, August 13th. Finally, National Bank Financial cut their target price on shares of CES Energy Solutions from C$8.20 to C$7.00 and set an outperform rating for the company in a research report on Friday, August 10th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. CES Energy Solutions has a consensus rating of Buy and a consensus price target of C$8.06.
Shares of TSE:CEU opened at C$4.46 on Monday. CES Energy Solutions has a 52-week low of C$4.14 and a 52-week high of C$7.34.
In other CES Energy Solutions news, insider Richard Lee Baxter sold 9,150 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of C$4.32, for a total transaction of C$39,528.00. Also, insider Craig Frederick Nieboer sold 50,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of C$4.47, for a total transaction of C$223,500.00. Insiders sold 74,001 shares of company stock valued at $329,477 over the last quarter.
About CES Energy Solutions
CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides 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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