CES Energy Solutions Corp (TSE:CEU) had its target price lifted by equities researchers at GMP Securities from C$8.00 to C$9.00 in a report issued on Wednesday, October 18th. GMP Securities’ price objective would indicate a potential upside of 33.73% from the company’s previous close.
A number of other brokerages also recently commented on CEU. Canaccord Genuity lifted their price target on shares of CES Energy Solutions Corp from C$7.50 to C$10.00 in a report on Tuesday, July 11th. Raymond James Financial, Inc. reiterated a “strong-buy” rating and set a C$8.50 price target on shares of CES Energy Solutions Corp in a report on Wednesday, August 30th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$8.71.
Shares of CES Energy Solutions Corp (TSE CEU) traded up 3.70% on Wednesday, hitting $6.73. 607,453 shares of the company were exchanged. The firm’s 50-day moving average is $6.28 and its 200-day moving average is $6.18. CES Energy Solutions Corp has a 52-week low of $4.89 and a 52-week high of $8.65. The stock’s market capitalization is $1.79 billion.
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In related news, Director Thomas James Simons sold 152,455 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of C$5.35, for a total value of C$815,634.25. Also, insider Kenneth Earl Zinger sold 127,047 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of C$5.35, for a total transaction of C$679,701.45. Insiders sold 317,811 shares of company stock worth $1,702,011 over the last ninety days.
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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