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NVDA   873.68 (+1.59%)
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NIO   3.85 (-1.03%)
BABA   69.93 (-0.98%)
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TSLA   155.92 (-3.44%)
NVDA   873.68 (+1.59%)
AMD   162.85 (+1.58%)
NIO   3.85 (-1.03%)
BABA   69.93 (-0.98%)
T   15.98 (-1.60%)
F   12.13 (-0.82%)
MU   121.20 (-0.14%)
GE   155.63 (+1.26%)
CGC   6.84 (-2.01%)
DIS   113.75 (+0.71%)
AMC   2.81 (+13.77%)
PFE   25.74 (-0.66%)
PYPL   63.53 (+0.03%)
XOM   118.47 (-1.01%)
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Cenovus Energy (CVE) Stock Forecast & Price Target

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Free cve Stock Alerts
C$28.42
+0.08 (+0.28%)
(As of 02:33 PM ET)
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Cenovus Energy Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 9 Analyst Ratings

Analysts' Consensus Price Target

C$32.19
13.27% Upside
High ForecastC$37.00
Average ForecastC$32.19
Low ForecastC$28.00
TypeCurrent Forecast
4/17/23 to 4/16/24		1 Month Ago
3/18/23 to 3/17/24		3 Months Ago
1/17/23 to 1/17/24		1 Year Ago
4/17/22 to 4/17/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
9 Buy rating(s)
8 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$32.19C$31.04C$31.89C$32.00
Predicted Upside13.27% Upside31.97% Upside34.99% Upside29.13% Upside
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CVE Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CVE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Cenovus Energy Stock vs. The Competition

TypeCenovus EnergyEnergy Companies
Consensus Rating Score
2.89
2.66
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingPositive News
Neutral News

Recent Analyst Ratings and Stock Forecasts

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/12/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuyC$28.00 ➝ C$36.00+23.97%
4/9/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$28.00 ➝ C$32.00+9.66%
3/28/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$29.00 ➝ C$33.00+21.95%
3/22/2024Desjardins
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuyC$28.00 ➝ C$29.50+12.64%
3/22/2024CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperformC$30.00 ➝ C$31.00+18.37%
1/16/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperformC$31.00 ➝ C$28.00+35.07%
1/11/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetC$35.00 ➝ C$34.00+58.66%
1/10/2024National Bankshares
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperformC$36.00 ➝ C$29.00+33.58%
11/3/2023TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuyC$34.00 ➝ C$35.00+32.73%
10/20/2023ATB Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$31.00 ➝ C$34.00+19.93%
10/12/2023National Bank Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$31.00 ➝ C$37.00+32.85%
10/11/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$30.00 ➝ C$31.00+11.31%
5/15/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetC$30.00 ➝ C$29.00+34.88%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:50 PM ET.

CVE Price Target - Frequently Asked Questions

What is Cenovus Energy's consensus rating and price target?

According to the issued ratings of 9 analysts in the last year, the consensus rating for Cenovus Energy stock is Moderate Buy based on the current 1 hold rating and 8 buy ratings for CVE. The average twelve-month price prediction for Cenovus Energy is C$32.19 with a high price target of C$37.00 and a low price target of C$28.00. Learn more on CVE's analyst rating history.

Do Wall Street analysts like Cenovus Energy more than its competitors?

Analysts like Cenovus Energy more than other Energy companies. The consensus rating score for Cenovus Energy is 2.89 while the average consensus rating score for energy companies is 2.66. Learn more on how CVE compares to other companies.

Does Cenovus Energy's stock price have much upside?

According to analysts, Cenovus Energy's stock has a predicted upside of 27.55% based on their 12-month stock forecasts.

What analysts cover Cenovus Energy?

Cenovus Energy has been rated by BMO Capital Markets, CIBC, Desjardins, Jefferies Financial Group, and Royal Bank of Canada in the past 90 days.


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This page (TSE:CVE) was last updated on 4/16/2024 by MarketBeat.com Staff

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