In a report released yesterday, Chris MacCulloch from Desjardins maintained a Hold rating on Canadian Natural, with a price target of C$70.00. The company’s shares closed yesterday at C$61.42.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, MacCulloch is a 5-star analyst with an average return of 25.5% and a 54.68% success rate. MacCulloch covers the Energy sector, focusing on stocks such as Canadian Natural, Tourmaline Oil, and Cenovus Energy.
Currently, the analyst consensus on Canadian Natural is a Moderate Buy with an average price target of C$70.93, implying a 15.49% upside from current levels. In a report released yesterday, Scotiabank also maintained a Hold rating on the stock with a C$71.00 price target.
CNQ market cap is currently C$125.2B and has a P/E ratio of 13.18.
Based on the recent corporate insider activity of 124 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CNQ in relation to earlier this year.
