Gregory Pardy, analyst at RBC Capital, reiterates coverage on Cenovus Energy Inc (CVE) in the Utilities sector with a Buy rating. TipRanks.com has Pardy rated as a 4 star analyst with a 8% return on investment and a 49% success rate. Pardy has set a price target of $12.62 .
TipRanks.com reports that CVE currently has 10 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $11.83 . The target pricing ranges from a high forecast of $14.99 down to a low forecast of $8.68 .
CVE’s last closing price was $8.66 which would put the average price target at 36.61% upside.
In addition, TradingView issued a Buy rating for CVE over the next month.
Remember, securities are volatile, so please do your own research on CVE.
Other analysts covering CVE include:
- Phil Gresh of J P Morgan issued a buy rate with the price target of $12.23 on September 14th
- George Huang of Raymond James issued a hold with the price target of $11.04on September 8th
- Neil Mehta of Goldman Sachs issued a buy rate with the price target of $8.68 in August
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