Canadian Natural Resources Limited (CNQ) Receives C$53.64 Consensus Target Price from Brokerages

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has earned an average rating of “Buy” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$53.64.

Several brokerages recently weighed in on CNQ. Scotiabank lifted their price target on Canadian Natural Resources from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. TD Securities lifted their price target on Canadian Natural Resources from C$49.00 to C$51.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Raymond James Financial lifted their price target on Canadian Natural Resources from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. GMP Securities lifted their price target on Canadian Natural Resources from C$52.00 to C$56.00 in a research report on Friday, November 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Canadian Natural Resources from C$47.00 to C$48.00 in a research report on Friday, November 3rd.

In other Canadian Natural Resources news, insider Allan E. Frankiw sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of C$44.97, for a total value of C$112,425.00. Also, insider Réal Michel Cusson acquired 25,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was acquired at an average cost of C$28.06 per share, for a total transaction of C$701,500.00. Over the last three months, insiders acquired 40,150 shares of company stock worth $1,172,163 and sold 108,000 shares worth $4,896,330.

Shares of Canadian Natural Resources (CNQ) traded up C$0.57 during mid-day trading on Tuesday, reaching C$39.59. The company had a trading volume of 2,578,900 shares, compared to its average volume of 2,780,000. The stock has a market capitalization of $48,410.00, a PE ratio of 17.83 and a beta of 0.95. Canadian Natural Resources has a 52 week low of C$35.90 and a 52 week high of C$47.00.

ILLEGAL ACTIVITY NOTICE: This article was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.dispatchtribunal.com/2018/02/18/canadian-natural-resources-limited-cnq-receives-c53-64-consensus-target-price-from-brokerages.html.

About Canadian Natural Resources

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

Receive News & Ratings for Canadian Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply