$34.72
-0.66-1.87%
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Canadian Natural Res
CNQNYSE
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Canadian Natural Res (NYSE:CNQ) Stock, Analyst Ratings, Price Targets, Forecasts
Canadian Natural Resources Ltd has a consensus price target of $89.33 based on the ratings of 8 analysts. The high is $102 issued by JP Morgan on January 11, 2024. The low is $69 issued by Goldman Sachs on November 21, 2022. The 3 most-recent analyst ratings were released by JP Morgan, CIBC, and Jefferies on January 11, 2024, August 29, 2023, and August 28, 2023, respectively. With an average price target of $96.33 between JP Morgan, CIBC, and Jefferies, there's an implied 173.60% upside for Canadian Natural Resources Ltd from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
JP Morgan
CIBC
Jefferies
Wells Fargo
National Bank Financial Inc
1calculated from analyst ratings
Analyst Ratings for Canadian Natural Res
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 06/11/2024 | Buy Now | — | Scotiabank | Jason Bouvier | $114 → $57 | Maintains | Sector Perform | Get Alert |
| 01/11/2024 | Buy Now | 189.69% | JP Morgan | John Royall | $50.5 → $51 | Maintains | Neutral | Get Alert |
| 08/29/2023 | Buy Now | 164.13% | CIBC | Dennis Fong | $45 → $46.5 | Maintains | Outperformer | Get Alert |
| 08/28/2023 | Buy Now | 166.97% | Jefferies | Lloyd Byrne | $42 → $47 | Maintains | Hold | Get Alert |
| 08/04/2023 | Buy Now | 141.41% | Wells Fargo | Roger Read | $40 → $42.5 | Maintains | Equal-Weight | Get Alert |
| 06/29/2023 | Buy Now | 164.13% | National Bank Financial Inc | Travis Wood | $52.5 → $46.5 | Maintains | Outperform | Get Alert |
| 11/21/2022 | Buy Now | 95.97% | Goldman Sachs | Neil Mehta | $31 → $34.5 | Upgrade | Neutral → Buy | Get Alert |
| 07/19/2022 | Buy Now | — | B of A Securities | Doug Leggate | — | Upgrade | Neutral → Buy | Get Alert |
| 05/20/2022 | Buy Now | 104.49% | Goldman Sachs | Neil Mehta | $32 → $36 | Maintains | Neutral | Get Alert |
FAQ
What is the target price for Canadian Natural Res (CNQ) stock?
The latest price target for Canadian Natural Res (NYSE:CNQ) was reported by Scotiabank on June 11, 2024. The analyst firm set a price target for $0.00 expecting CNQ to fall to within 12 months (a possible -100.00% downside). 5 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Canadian Natural Res (CNQ)?
The latest analyst rating for Canadian Natural Res (NYSE:CNQ) was provided by Scotiabank, and Canadian Natural Res maintained their sector perform rating.
When was the last upgrade for Canadian Natural Res (CNQ)?
The last upgrade for Canadian Natural Resources Ltd happened on November 21, 2022 when Goldman Sachs raised their price target to $69. Goldman Sachs previously had a neutral for Canadian Natural Resources Ltd.
When was the last downgrade for Canadian Natural Res (CNQ)?
There is no last downgrade for Canadian Natural Res.
When is the next analyst rating going to be posted or updated for Canadian Natural Res (CNQ)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Canadian Natural Res, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Canadian Natural Res was filed on June 11, 2024 so you should expect the next rating to be made available sometime around June 11, 2025.
Is the Analyst Rating Canadian Natural Res (CNQ) correct?
While ratings are subjective and will change, the latest Canadian Natural Res (CNQ) rating was a maintained with a price target of $0.00 to $0.00. The current price Canadian Natural Res (CNQ) is trading at is $34.72, which is out of the analyst’s predicted range.
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