Canadian Natural Resources Limited Upgraded to “Buy” by Stifel Nicolaus (CNQ)
Stifel Nicolaus upgraded shares of Canadian Natural Resources Limited (TSE: CNQ) from a hold rating to a buy rating in a research note released on Thursday morning. They currently have $38.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank reiterated a sector outperform rating on shares of Canadian Natural Resources Limited in a research note to investors on Monday, March 11th. They now have a $38.00 price target on the stock. Separately, analysts at Societe Generale 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, March 8th. They now have a buy rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Canadian Natural Resources Limited from $38.00 to $40.00 in a research note to investors on Friday, March 8th.
Shares of Canadian Natural Resources Limited (TSE: CNQ) traded down 0.48% during mid-day trading on Thursday, hitting $33.39. Canadian Natural Resources Limited has a one year low of $25.58 and a one year high of $35.55. The stock’s 50-day moving average is currently $31.11. The company has a market cap of $36.482 billion and a P/E ratio of 15.53.
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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