Canadian Natural Resources Limited (TSE: CNQ)‘s stock had its “sector perform” rating reiterated by equities research analysts at CIBC in a research note issued to investors on Thursday. They currently have a $35.00 price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus upgraded shares of Canadian Natural Resources Limited from a “hold” rating to a “buy” rating in a research note to investors on Thursday, March 14th. They now have a $38.00 price target on the stock. Separately, 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. Finally, 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.
Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $38.15.
Canadian Natural Resources Limited (TSE: CNQ) traded down 2.47% on Thursday, hitting $32.79. Canadian Natural Resources Limited has a 52-week low of $25.58 and a 52-week high of $34.88. The stock’s 50-day moving average is currently $31.31. The company has a market cap of $35.826 billion and a price-to-earnings ratio of 15.56.
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 (TSE: CNQ), and natural gas production.
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