TD Securities Forecasts Strong Price Appreciation for CES Energy Solutions (TSE:CEU) Stock

Key Points

• TD Securities has raised the price target for CES Energy Solutions from C$9.00 to C$11.00, indicating a potential upside of 21.28% from the current share price.
• National Bank Financial upgraded CES Energy Solutions from a "hold" to a "strong-buy" rating, while Royal Bank of Canada also increased its target price to C$11.00.
• The company currently holds a consensus rating of "Buy" with an average target price of C$10.96 based on analysts' assessments.

CES Energy Solutions (TSE:CEU - Get Free Report) had its price objective lifted by stock analysts at TD Securities from C$9.00 to C$11.00 in a research report issued on Tuesday,BayStreet.CA reports. TD Securities' price target points to a potential upside of 21.28% from the stock's current price.

CEU has been the topic of a number of other reports. National Bank Financial upgraded CES Energy Solutions from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada raised their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 and gave the company an "outperform" rating in a research report on Thursday, October 9th. Finally, National Bankshares upgraded shares of CES Energy Solutions from a "sector perform" rating to an "outperform" rating and set a C$14.50 target price on the stock in a research note on Thursday, July 3rd. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. According to data from MarketBeat.com, CES Energy Solutions presently has a consensus rating of "Buy" and an average target price of C$10.96.

CES Energy Solutions Stock Performance

Shares of TSE:CEU traded up C$0.18 during trading on Tuesday, hitting C$9.07. 317,799 shares of the company were exchanged, compared to its average volume of 615,461. The company has a market cap of C$1.99 billion, a PE ratio of 11.34, a P/E/G ratio of 0.61 and a beta of 0.88. The stock has a 50 day moving average of C$8.48 and a 200 day moving average of C$7.27. CES Energy Solutions has a 52-week low of C$5.59 and a 52-week high of C$10.20. The company has a debt-to-equity ratio of 57.26, a current ratio of 2.82 and a quick ratio of 1.78.

About CES Energy Solutions

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.

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