Raymond James Remains a Buy on Cenovus Energy (CVE)
In a report released on March 27, Luke Davis from Raymond James maintained a Buy rating on Cenovus Energy, with a price target of C$42.00. The company’s shares closed last Friday at C$37.23.
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According to TipRanks, Davis is a 5-star analyst with an average return of 25.2% and a 64.74% success rate. Davis covers the Energy sector, focusing on stocks such as Baytex Energy, Cenovus Energy, and Precision Drilling.
In addition to Raymond James, Cenovus Energy also received a Buy from Morgan Stanley’s Devin McDermott in a report issued on March 27. However, on March 26, TipRanks – Anthropic reiterated a Hold rating on Cenovus Energy (NYSE: CVE).
The company has a one-year high of C$37.31 and a one-year low of C$14.48. Currently, Cenovus Energy has an average volume of 10.06M.
Based on the recent corporate insider activity of 56 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 CVE in relation to earlier this year.
Read More on CVE:
Disclaimer & DisclosureReport an Issue
- Cenovus Energy price target raised to C$42 from C$33 at Raymond James
- Cenovus Energy price target raised to C$41 from C$29 at Morgan Stanley
- Cenovus Energy price target raised to C$38 from C$34 at Scotiabank
- Notable open interest changes for March 13th
- Cenovus Energy price target raised to $29 from $22 at Goldman Sachs
