National Bank Financial Boosts Canadian Natural Resources (CNQ) Price Target to C$64.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target hoisted by National Bank Financial from C$52.00 to C$64.00 in a research report issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 39.74% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Royal Bank of Canada upped their target price on Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “top pick” rating in a report on Friday, November 3rd. TD Securities upped their target price on Canadian Natural Resources from C$51.00 to C$52.00 and gave the company a “buy” rating in a report on Thursday, November 9th. BMO Capital Markets reiterated an “outperform” rating and issued a C$54.00 target price on shares of Canadian Natural Resources in a report on Wednesday, November 8th. Barclays upped their target price on Canadian Natural Resources from C$38.00 to C$41.00 in a report on Monday, November 20th. Finally, JPMorgan Chase & Co. upped their target price on Canadian Natural Resources from C$47.00 to C$48.00 in a report on Friday, November 3rd. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$51.75.

Canadian Natural Resources (CNQ) opened at C$45.80 on Tuesday. Canadian Natural Resources has a 52 week low of C$35.90 and a 52 week high of C$47.00. The stock has a market capitalization of $55,790.00, a P/E ratio of 20.63 and a beta of 1.07.

In other Canadian Natural Resources news, insider Réal Michel Cusson purchased 12,500 shares of the business’s stock in a transaction on Monday, December 18th. The shares were purchased at an average cost of C$28.06 per share, for a total transaction of C$350,750.00. Also, insider William Robert Peterson sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of C$42.91, for a total value of C$429,100.00. Over the last 90 days, insiders have acquired 50,000 shares of company stock worth $1,411,500 and have sold 156,014 shares worth $7,136,088.

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About Canadian Natural Resources

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.

Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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