The Average True Range (ATR) for Cenovus Energy Inc. The new note on the price target was released on July 19, 2021, representing the official price target for Cenovus Energy Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 07, 2021. Morgan Stanley have made an estimate for Cenovus Energy Inc. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CVE stock is a recommendation set at 2.50. :īased on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CVE shares is $10.85 per share. The average equity rating for CVE stock is currently 2.50, trading closer to a bullish pattern in the stock market. The one-year CVE stock forecast points to a potential downside of -15.67. shares reached a high of $12.75 and dropped to a low of $12.26 until finishing in the latest session at $12.55. Depending on the trading price of its common shares and other relevant factors, the company believes purchasing common shares represents an attractive investment opportunity and is in the best interest of Cenovus and its shareholders.Ī sum of 6901327 shares traded at recent session while its average daily volume was at 9.45M shares. Cenovus believes there are times when the market price of its common shares may not fully reflect the underlying value of its business and future prospects.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.Ĭlick here for full details and to join for freeĬenovus’s intention to launch a share buyback program, along with its recently announced dividend increase, are consistent with the company’s capital allocation framework, which supports enhancing value for investors by returning cash to shareholders, generating strong returns on capital investment and deleveraging. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential. He buys up valuable assets when they are very cheap. 3 Tiny Stocks Primed to Explode The world's greatest investor - Warren Buffett - has a simple formula for making big money in the markets.

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