Analysts have been eager to weigh in on the Utilities sector with new ratings on Canadian Natural (CNQ) and Whitecap Resources (SPGYF).
Canadian Natural (CNQ)
Scotiabank analyst Jason Bouvier maintained a Buy rating on Canadian Natural yesterday and set a price target of C$50.00. The company’s shares closed last Wednesday at $37.03, close to its 52-week high of $37.97.
According to TipRanks.com, Bouvier is a 4-star analyst with an average return of 8.5% and a 57.3% success rate. Bouvier covers the Utilities sector, focusing on stocks such as Crescent Point Energy, PrairieSky Royalty, and Cenovus Energy.
Currently, the analyst consensus on Canadian Natural is a Strong Buy with an average price target of $45.77.
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Whitecap Resources (SPGYF)
In a report released yesterday, Patrick Bryden from Scotiabank maintained a Hold rating on Whitecap Resources, with a price target of C$7.00. The company’s shares closed last Wednesday at $5.20, close to its 52-week high of $5.40.
According to TipRanks.com, Bryden is ranked #7453 out of 7547 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Whitecap Resources with a $6.56 average price target.
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