Cenovus Energy Inc (CVE) PT Raised to C$16.00

Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) had its price target upped by equities researchers at CIBC from C$14.50 to C$16.00 in a research report issued on Tuesday. CIBC’s price objective suggests a potential upside of 14.86% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. National Bank Financial lifted their price target on shares of Cenovus Energy to C$11.50 in a research note on Friday, July 28th. BMO Capital Markets lifted their price target on shares of Cenovus Energy from C$12.00 to C$14.00 in a research note on Friday, November 3rd. Canaccord Genuity lifted their price target on shares of Cenovus Energy from C$14.50 to C$15.00 in a research note on Tuesday, September 26th. TD Securities lifted their price target on shares of Cenovus Energy from C$12.50 to C$13.50 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Finally, AltaCorp Capital downgraded shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$15.96.

Cenovus Energy (CVE) traded down C$0.35 during trading hours on Tuesday, hitting C$13.93. 3,258,160 shares of the company traded hands, compared to its average volume of 3,795,681. Cenovus Energy has a 1-year low of C$8.89 and a 1-year high of C$22.06.

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In related news, Director Rhonda Ivy Zygocki bought 7,200 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was bought at an average price of C$14.48 per share, with a total value of C$104,256.00. Also, Director Patrick Darold Daniel bought 35,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was bought at an average cost of C$13.97 per share, with a total value of C$488,950.00.

About Cenovus Energy

Analyst Recommendations for Cenovus Energy (TSE:CVE)

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