CIBC’s Analyst Provides Guidance for This Canadian Energy Stock


Husky Energy (HSE) has received a rating update from a Wall Street analyst today. Analyst Jon Morrison from CIBC remains neutral on the stock and has a C$21.50 price target.

According to TipRanks.com, Morrison is ranked 0 out of 5 stars with an average return of -17.2% and a 34.4% success rate. Morrison covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Imperial Oil Limited, and Cenovus Energy Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Husky Energy with a C$23.06 average price target, implying a 42.3% upside from current levels. In a report issued on November 20, Canaccord Genuity also maintained a Hold rating on the stock with a C$19 price target.

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The company has a one-year high of C$22.99 and a one-year low of C$15.09. Currently, Husky Energy has an average volume of 1.52M.

Husky Energy, Inc. is an international integrated energy company. It operates through two segments: Upstream and Downstream.

The company’s shares closed on Thursday at C$16.20, close to its 52-week low of C$15.09.

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