Neil Mehta, analyst at Goldman Sachs, reiterates coverage on Cenovus Energy (CVE) in the Utilities sector with a Buy rating. TipRanks.com has Mehta rated as a 4 star analyst with a 8.00% return on investment and a 62.00% success rate. Mehta has set a price target of $11.00.
TipRanks.com reports that CVE currently has 14 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $11.27. The target pricing ranges from a high forecast of $13.29 down to a low forecast of $9.14.
CVE’s last closing price was $9.18 which would put the average price target at 22.77% upside.
In addition, TradingView issued a Buy rating for CVE over the next month.
Remember, securities are volatile, so please do your own research on CVE.
Other analysts covering CVE include:
- Manav Gupta of Credit Suisse issued a hold with the price target of $10.8 on June 2nd
- Randy Ollenberger of BMO Capital issued a buy rate with the price target of $11.6 in May
If you are interest in stocks like CVE or stocks in the Utilities sector, please click here.
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