Canadian Natural Resources Reaches Analyst Target Price
March 16, 2021 at 08:33 AM EDT
In recent trading, shares of Canadian Natural Resources Ltd (CNQ) have crossed above the average analyst 12-month target price of $32.28, changing hands for $32.41/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..