Analysts have been eager to weigh in on the Energy sector with new ratings on Cameco (CCJ – Research Report), Canadian Natural (CNQ – Research Report) and Imperial Oil (IMO – Research Report).
Cameco (CCJ)
In a report released today, Brian MacArthur from Raymond James maintained a Buy rating on Cameco, with a price target of C$80.00. The company’s shares closed last Tuesday at $48.67, close to its 52-week high of $52.64.
According to TipRanks.com, MacArthur is a 5-star analyst with an average return of
Cameco has an analyst consensus of Strong Buy, with a price target consensus of $54.45, which is a 15.4% upside from current levels. In a report issued on April 9, Scotiabank also maintained a Buy rating on the stock with a C$75.00 price target.
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Canadian Natural (CNQ)
In a report released today, Michael Dunn from Stifel Nicolaus maintained a Buy rating on Canadian Natural, with a price target of C$126.00. The company’s shares closed last Tuesday at $77.06.
According to TipRanks.com, Dunn is a 1-star analyst with an average return of
Currently, the analyst consensus on Canadian Natural is a Moderate Buy with an average price target of $80.50, a 5.4% upside from current levels. In a report issued on April 9, RBC Capital also maintained a Buy rating on the stock with a C$120.00 price target.
Imperial Oil (IMO)
In a report released today, Chris MacCulloch from Desjardins maintained a Hold rating on Imperial Oil, with a price target of C$92.00. The company’s shares closed last Tuesday at $70.63, close to its 52-week high of $74.58.
According to TipRanks.com, MacCulloch is a 5-star analyst with an average return of
Imperial Oil has an analyst consensus of Moderate Buy, with a price target consensus of $70.79, representing a 1.0% upside. In a report issued on April 9, RBC Capital also maintained a Hold rating on the stock with a C$100.00 price target.
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