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RBC Capital Reaffirms Their Buy Rating on Cenovus Energy (CVE)

Tipranks - Tipranks - Wed Jan 14, 8:00PM CST

In a report released yesterday, Gregory Pardy from RBC Capital maintained a Buy rating on Cenovus Energy, with a price target of C$29.00.

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Pardy covers the Energy sector, focusing on stocks such as Cenovus Energy, Athabasca Oil, and Baytex Energy. According to TipRanks, Pardy has an average return of 20.8% and a 63.70% success rate on recommended stocks.

In a report released on January 9, National Bank also maintained a Buy rating on the stock with a C$29.00 price target.

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The company has a one-year high of C$26.36 and a one-year low of C$14.48. Currently, Cenovus Energy has an average volume of 11.38M.

Based on the recent corporate insider activity of 42 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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