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Jefferies Reaffirms Their Hold Rating on Canadian Natural (CNQ)

Tipranks - Tipranks - Fri Mar 6, 11:18AM CST

Jefferies analyst Lloyd Byrne maintained a Hold rating on Canadian Natural today and set a price target of C$48.00.

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Byrne covers the Energy sector, focusing on stocks such as Sable Offshore, EQT, and Ovintiv. According to TipRanks, Byrne has an average return of 20.3% and a 61.76% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Canadian Natural with a C$49.84 average price target.

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CNQ market cap is currently C$125.7B and has a P/E ratio of 38.36.

Based on the recent corporate insider activity of 157 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CNQ in relation to earlier this year.

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