Canadian Natural Resources Ltd has a consensus price target of $76.57, established from looking at the 9 latest analyst ratings. The last 3 analyst ratings were released from JP Morgan, CIBC, and Jefferies on January 11, 2024, August 29, 2023, and August 28, 2023. With an average price target of $96.33 between JP Morgan, CIBC, and Jefferies, there's an implied 23.93% upside for Canadian Natural Resources Ltd from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
01/11/2024 | CNQ | Buy Now | Canadian Natural Res | $77.73 | 31.22% | JP Morgan | John Royall | $101 → $102 | Maintains | Neutral | Get Alert |
08/29/2023 | CNQ | Buy Now | Canadian Natural Res | $77.73 | 19.64% | CIBC | Dennis Fong | $90 → $93 | Maintains | Outperformer | Get Alert |
08/28/2023 | CNQ | Buy Now | Canadian Natural Res | $77.73 | 20.93% | Jefferies | Lloyd Byrne | $84 → $94 | Maintains | Hold | Get Alert |
08/04/2023 | CNQ | Buy Now | Canadian Natural Res | $77.73 | 9.35% | Wells Fargo | Roger Read | $80 → $85 | Maintains | Equal-Weight | Get Alert |
06/29/2023 | CNQ | Buy Now | Canadian Natural Res | $77.73 | 19.64% | National Bank Financial Inc | Travis Wood | $105 → $93 | Maintains | Outperform | Get Alert |
11/21/2022 | CNQ | Buy Now | Canadian Natural Res | $77.73 | -11.23% | Goldman Sachs | Neil Mehta | $62 → $69 | Upgrade | Neutral → Buy | Get Alert |
07/19/2022 | CNQ | Buy Now | Canadian Natural Res | $77.73 | — | B of A Securities | Doug Leggate | — | Upgrade | Neutral → Buy | Get Alert |
05/20/2022 | CNQ | Buy Now | Canadian Natural Res | $77.73 | -7.37% | Goldman Sachs | Neil Mehta | $64 → $72 | Maintains | Neutral | Get Alert |
06/11/2021 | CNQ | Buy Now | Canadian Natural Res | $77.73 | -43.39% | Goldman Sachs | Neil Mehta | — | Upgrade | Neutral → Buy | Get Alert |
The latest price target for Canadian Natural Res (NYSE: CNQ) was reported by JP Morgan on January 11, 2024. The analyst firm set a price target for $102.00 expecting CNQ to rise to within 12 months (a possible 31.22% upside). 5 analyst firms have reported ratings in the last year.
The latest analyst rating for Canadian Natural Res (NYSE: CNQ) was provided by JP Morgan, and Canadian Natural Res maintained their neutral rating.
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.
There is no last downgrade for Canadian Natural Res.
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 January 11, 2024 so you should expect the next rating to be made available sometime around January 11, 2025.
While ratings are subjective and will change, the latest Canadian Natural Res (CNQ) rating was a maintained with a price target of $101.00 to $102.00. The current price Canadian Natural Res (CNQ) is trading at is $77.73, which is out of the analyst’s predicted range.
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