Cenovus Energy Stock Price Target Raised to $51.00 by Royal Bank Of Canada
Cenovus Energy's (CVE) stock price target has been increased by analysts at Royal Bank Of Canada to $51.00, up from its previous estimate of $47.00.
This new target represents a potential upside of 71.00% from the company's current stock price of $29.82.
The brokerage firm also maintained an 'outperform' rating on the oil and gas company's stock, indicating that it believes the company will continue to perform well in the market.