Trade Report: Today: Canadian Energy Services & Tech Corp (CEU) PT Raised to C$6.25

Today: Canadian Energy Services & Tech Corp (CEU) PT Raised to C$6.25

Canadian Energy Services & Tech Corp (TSE:CEU) had its price objective upped by stock analysts at Canaccord Genuity from C$5.50 to C$6.25 in a report issued on Thursday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 18.15% from the company’s current price.

Several other analysts have also commented on the stock. RBC Capital Markets raised their price objective on shares of Canadian Energy Services & Tech Corp from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a report on Tuesday, September 6th. Scotiabank restated a “focus stock” rating and issued a C$6.50 price objective on shares of Canadian Energy Services & Tech Corp in a report on Monday, August 15th. FirstEnergy Capital raised their price objective on shares of Canadian Energy Services & Tech Corp from C$4.00 to C$4.25 in a report on Monday, August 15th. Raymond James Financial Inc. restated a “market perform” rating and issued a C$6.20 price objective on shares of Canadian Energy Services & Tech Corp in a report on Friday, October 7th. Finally, AltaCorp Capital raised their price objective on shares of Canadian Energy Services & Tech Corp from C$5.25 to C$5.50 in a report on Monday, August 15th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$5.42.

Canadian Energy Services & Tech Corp (TSE:CEU) opened at 5.29 on Thursday. The stock’s 50 day moving average price is $4.95 and its 200-day moving average price is $4.02. Canadian Energy Services & Tech Corp has a 52 week low of $2.85 and a 52 week high of $6.55. The company’s market cap is $1.38 billion.

In related news, Director Donald Michael Godfre Stewart sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of C$4.88, for a total transaction of C$48,800.00. Also, Director Thomas James Simons sold 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of C$5.75, for a total transaction of C$1,725,000.00.

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