Canadian Natural Resources Limited (TSE:CNQ) was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, AnalystRatingsNetwork reports. They currently have a C$38.00 target price on the stock, down from their previous target price of C$40.00. TD Securities’ target price would indicate a potential upside of 18.86% from the company’s current price.
CNQ has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Canadian Natural Resources Limited from C$36.00 to C$37.00 in a research note to investors on Monday, July 22nd. Separately, analysts at Global Hunter Securities initiated coverage on shares of Canadian Natural Resources Limited in a research note to investors on Thursday, June 6th. They set an “accumulate” rating on the stock. Finally, analysts at GMP Securities initiated coverage on shares of Canadian Natural Resources Limited in a research note to investors on Thursday, May 30th. They set a “buy” rating on the stock.
Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$38.00.
Canadian Natural Resources Limited (TSE: CNQ) opened at 31.97 on Monday. Canadian Natural Resources Limited has a 52-week low of $26.73 and a 52-week high of $34.63. The stock’s 50-day moving average is currently $31.39. The company has a market cap of $34.859 billion and a price-to-earnings ratio of 21.18.
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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