Cenovus Energy Inc (CVE) Price Target Raised to C$14.00

Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) had its price objective raised by investment analysts at BMO Capital Markets from C$12.00 to C$14.00 in a report issued on Friday, November 3rd. BMO Capital Markets’ price objective would suggest a potential upside of 5.66% from the company’s current price.

A number of other brokerages have also weighed in on CVE. National Bank Financial lowered their price objective on Cenovus Energy from C$11.50 to C$11.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 6th. Canaccord Genuity lifted their price objective on Cenovus Energy from C$14.00 to C$14.50 in a report on Wednesday, September 6th. Raymond James Financial, Inc. lifted their price target on shares of Cenovus Energy to C$9.00 and gave the company an “underperform” rating in a research report on Friday, July 28th. CIBC cut their price objective on Cenovus Energy from C$13.00 to C$11.00 in a research report on Thursday, July 20th. Finally, J P Morgan Chase & Co boosted their price target on Cenovus Energy from C$11.00 to C$11.50 in a report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$15.96.

Cenovus Energy (TSE CVE) opened at C$13.25 on Friday. Cenovus Energy has a 52-week low of C$8.89 and a 52-week high of C$22.06.

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

About Cenovus Energy

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