Cenovus Energy (TSE:CVE) (NYSE:CVE) had its price objective raised by stock analysts at Citigroup from C$10.00 to C$13.00 in a research report issued to clients and investors on Monday. Citigroup’s target price points to a potential upside of 7.00% from the company’s current price.
Other analysts have also issued research reports about the company. J P Morgan Chase & Co lifted their target price on Cenovus Energy from C$11.00 to C$11.50 in a report on Thursday, September 14th. Canaccord Genuity lifted their target price on Cenovus Energy from C$14.00 to C$14.50 in a report on Wednesday, September 6th. BMO Capital Markets lifted their target price on Cenovus Energy from C$12.00 to C$14.00 in a report on Friday, November 3rd. CIBC lifted their target price on Cenovus Energy from C$12.50 to C$14.50 in a report on Monday, October 2nd. Finally, TD Securities lifted their target price on Cenovus Energy from C$12.50 to C$13.50 and gave the stock a “hold” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Cenovus Energy has a consensus rating of “Hold” and a consensus price target of C$15.32.
Cenovus Energy (TSE:CVE) traded down C$0.04 during trading on Monday, hitting C$12.15. The company’s stock had a trading volume of 2,446,022 shares, compared to its average volume of 3,717,677. Cenovus Energy has a twelve month low of C$8.89 and a twelve month high of C$22.06.
In related news, Director Alex Pourbaix bought 81,433 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were bought at an average cost of C$12.28 per share, for a total transaction of C$999,997.24. Also, Director Rhonda Ivy Zygocki acquired 7,200 shares of the stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average price of C$14.48 per share, for a total transaction of C$104,256.00. Insiders have purchased 153,633 shares of company stock worth $1,967,303 over the last quarter.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2017/12/11/cenovus-energy-cve-given-new-c13-00-price-target-at-citigroup.html.
Cenovus Energy Company Profile
Receive News & Ratings for Cenovus Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cenovus Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.