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Cenovus Energy (CVE) Gets a Buy from National Bank

Tipranks - Tipranks - Sat Jan 10, 6:08PM CST

In a report released yesterday, Travis Wood from National Bank maintained a Buy rating on Cenovus Energy, with a price target of C$29.00.

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Wood covers the Energy sector, focusing on stocks such as Canadian Natural, Cenovus Energy, and Suncor Energy. According to TipRanks, Wood has an average return of 28.1% and a 70.69% success rate on recommended stocks.

Currently, the analyst consensus on Cenovus Energy is a Strong Buy with an average price target of C$31.45.

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CVE market cap is currently C$41.49B and has a P/E ratio of 13.13.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CVE in relation to earlier this year.

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