The Raymond James Financial Inc. Increases Cenovus Energy Inc (CVE) Price Target to C$21.00

The Raymond James Financial Inc. Increases Cenovus Energy Inc (CVE) Price Target to C$21.00

Cenovus Energy Inc (TSE:CVE) had its target price hoisted by analysts at Raymond James Financial Inc. from C$19.00 to C$21.00 in a research report issued on Wednesday, StockTargetPrices.com reports. Raymond James Financial Inc.’s target price suggests a potential upside of 2.94% from the stock’s previous close.

Several other research analysts have also commented on the company. TD Securities lowered Cenovus Energy from a “buy” rating to a “hold” rating and set a C$21.00 price target for the company. in a research report on Wednesday, August 10th. Scotiabank reissued an “outperform” rating and issued a C$20.00 price target on shares of Cenovus Energy in a research report on Friday, July 29th. JPMorgan Chase & Co. boosted their price target on Cenovus Energy from C$18.00 to C$19.00 in a research report on Monday, July 11th. Desjardins set a C$24.00 price target on Cenovus Energy in a research report on Tuesday, June 28th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a C$23.00 price target on shares of Cenovus Energy in a research report on Monday, June 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$20.73.

Shares of Cenovus Energy (TSE:CVE) remained flat at $20.40 on Wednesday. The stock had a trading volume of 1,552,968 shares. Cenovus Energy has a 52-week low of $12.74 and a 52-week high of $21.81. The firm has a market cap of $17.00 billion and a PE ratio of 22.05. The stock has a 50-day moving average price of $18.77 and a 200 day moving average price of $18.64.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Tuesday, September 13th.

Cenovus Energy Company Profile

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