Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective cut by JPMorgan Chase & Co. to C$54.00 in a research report issued to clients and investors on Wednesday, Stock Target Advisor reports. The brokerage currently has a “na” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 21.54% from the company’s previous close.
Several other research analysts have also recently commented on CNQ. CSFB set a C$52.00 target price on shares of Canadian Natural Resources and gave the stock a “neutral” rating in a report on Wednesday, June 2nd. Scotiabank raised their price target on Canadian Natural Resources from C$50.00 to C$52.00 in a research note on Thursday, July 15th. CIBC reiterated an “outperform” rating and set a C$58.00 price objective on shares of Canadian Natural Resources in a research note on Thursday, August 5th. The Goldman Sachs Group set a C$41.00 target price on shares of Canadian Natural Resources and gave the stock a “buy” rating in a report on Friday, August 27th. Finally, Tudor Pickering reiterated a “buy” rating and issued a C$52.00 price target on shares of Canadian Natural Resources in a research note on Thursday, August 5th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Canadian Natural Resources has a consensus rating of “Buy” and a consensus price target of C$51.78.
Shares of CNQ stock traded up C$1.27 on Wednesday, hitting C$44.43. 11,316,869 shares of the stock were exchanged, compared to its average volume of 6,154,615. The business has a 50-day moving average of C$41.81 and a 200 day moving average of C$41.08. Canadian Natural Resources has a fifty-two week low of C$19.77 and a fifty-two week high of C$46.36. The firm has a market capitalization of C$52.46 billion and a P/E ratio of 12.89. The company has a current ratio of 0.78, a quick ratio of 0.54 and a debt-to-equity ratio of 58.32.
Canadian Natural Resources Company Profile
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.
Further Reading: Initial Coin Offering (ICO)
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