Equities researchers at National Bank Financial raised their target price on shares of Canadian Natural Resources Limited (TSE: CNQ) from $38.00 to $40.00 in a report issued on Friday.

Shares of Canadian Natural Resources Limited traded down 0.12% during mid-day trading on Friday, hitting $32.06. Canadian Natural Resources Limited has a one year low of $25.58 and a one year high of $35.87. The stock’s 50-day moving average is currently $30.7. The company has a market cap of $35.089 billion and a P/E ratio of 14.86.

Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC raised their price target on shares of Canadian Natural Resources Limited from $34.00 to $35.00 in a research note to investors on Friday. Finally, analysts at Socgen raised their price target on shares of Canadian Natural Resources Limited from $33.00 to $37.00 in a research note to investors on Friday. They now have a “buy” rating on the stock.

Canadian Natural Resources Limited is a Canadian independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas liquids (NGLs), and natural gas production.

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