Analysts’ Opinions Are Mixed on These Energy Stocks: Cenovus Energy (CVE) and North American Construction Group (NOA)
Analysts have been eager to weigh in on the Energy sector with new ratings on Cenovus Energy (CVE – Research Report) and North American Construction Group (NOA – Research Report).
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Cenovus Energy (CVE)
Jefferies analyst Lloyd Byrne maintained a Buy rating on Cenovus Energy today and set a price target of C$30.00. The company’s shares closed last Friday at $18.13.
According to TipRanks.com, Byrne is a 5-star analyst with an average return of
Currently, the analyst consensus on Cenovus Energy is a Strong Buy with an average price target of $20.98, a 18.3% upside from current levels. In a report issued on October 31, Raymond James also maintained a Buy rating on the stock with a C$32.00 price target.
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North American Construction Group (NOA)
In a report released yesterday, Chris Thompson MBA from CIBC maintained a Hold rating on North American Construction Group, with a price target of C$22.00. The company’s shares closed last Friday at $13.90.
According to TipRanks.com, MBA is ranked #3057 out of 10123 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for North American Construction Group with a $16.82 average price target.
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- Cenovus Energy price target lowered to C$32 from C$33 at CIBC
- Cenovus Energy Completes Strategic Acquisition of MEG Energy
- Cenovus Energy completes acquisition of MEG Energy
- MEG Energy rating changed to Tender from Sector Perform at National Bank
- Cenovus Energy price target raised to C$30 from C$26 at RBC Capital
