Cenovus Energy Inc (CVE) Price Target Raised to C$13.50

Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) had its price objective lifted by TD Securities from C$12.50 to C$13.50 in a report released on Friday. They currently have a hold rating on the stock.

Other analysts have also issued research reports about the stock. J P Morgan Chase & Co boosted their price objective on shares of Cenovus Energy from C$12.50 to C$14.00 in a research report on Friday. CIBC upped their price target on shares of Cenovus Energy from C$12.50 to C$14.50 in a research report on Monday, October 2nd. Canaccord Genuity upped their price target on shares of Cenovus Energy from C$14.00 to C$14.50 in a research report on Wednesday, September 6th. National Bank Financial upped their price target on shares of Cenovus Energy to C$11.50 in a research report on Friday, July 28th. Finally, BMO Capital Markets upped their price target on shares of Cenovus Energy from C$12.00 to C$14.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of C$15.85.

Shares of Cenovus Energy (TSE CVE) opened at C$13.57 on Friday.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.47%.

Cenovus Energy Company Profile

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