Canadian Natural Resources Limited (CNQ) Price Target Raised to C$48.00 at J P Morgan Chase & Co

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) had its price objective raised by research analysts at J P Morgan Chase & Co from C$47.00 to C$48.00 in a research report issued to clients and investors on Friday. J P Morgan Chase & Co’s price target would suggest a potential upside of 5.63% from the company’s current price.

Several other research analysts also recently issued reports on the stock. Canaccord Genuity upped their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research report on Wednesday, September 6th. CIBC reduced their price target on shares of Canadian Natural Resources Limited from C$55.00 to C$50.00 in a research report on Thursday, July 20th. National Bank Financial upped their price target on shares of Canadian Natural Resources Limited from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 6th. Barclays PLC reduced their price target on shares of Canadian Natural Resources Limited from C$50.00 to C$34.00 in a research report on Thursday, July 6th. Finally, Royal Bank Of Canada upped their price target on shares of Canadian Natural Resources Limited from C$50.00 to C$51.00 and gave the stock a “top pick” rating in a research report on Friday. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Canadian Natural Resources Limited has an average rating of “Buy” and an average price target of C$50.00.

Shares of Canadian Natural Resources Limited (TSE CNQ) traded up C$0.42 during midday trading on Friday, reaching C$45.44. 814,947 shares of the company traded hands.

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In other Canadian Natural Resources Limited news, insider Ronald Keith Laing sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of C$42.54, for a total transaction of C$170,160.00. Also, insider Betty Yee sold 3,800 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of C$41.27, for a total transaction of C$156,826.00. Over the last 90 days, insiders have sold 178,331 shares of company stock worth $7,223,721.

About Canadian Natural Resources Limited

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

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