Cenovus Energy (CVE) PT Raised to C$13.00 at Citigroup

Cenovus Energy (TSE:CVE) (NYSE:CVE) had its target price increased by stock analysts at Citigroup from C$10.00 to C$13.00 in a report released on Monday. Citigroup’s target price indicates a potential upside of 7.62% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Scotiabank lowered shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating and set a C$14.00 target price for the company. in a report on Wednesday, November 15th. CIBC increased their target price on shares of Cenovus Energy from C$14.50 to C$16.00 in a report on Tuesday, November 14th. AltaCorp Capital lowered shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a report on Thursday, November 9th. TD Securities increased their target price on shares of Cenovus Energy from C$12.50 to C$13.50 and gave the stock a “hold” rating in a report on Friday, November 3rd. Finally, BMO Capital Markets increased their target price on shares of Cenovus Energy from C$12.00 to C$14.00 in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Cenovus Energy presently has a consensus rating of “Hold” and a consensus target price of C$15.32.

Shares of Cenovus Energy (CVE) opened at C$12.08 on Monday. Cenovus Energy has a fifty-two week low of C$8.89 and a fifty-two week high of C$21.41.

In other Cenovus Energy news, Director Rhonda Ivy Zygocki purchased 7,200 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average cost of C$14.48 per share, for a total transaction of C$104,256.00. Also, Director Alex Pourbaix purchased 81,433 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was acquired at an average price of C$12.28 per share, with a total value of C$999,997.24. Insiders acquired a total of 153,633 shares of company stock valued at $1,967,303 over the last 90 days.

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