Royal Bank of Canada upgraded shares of CES Energy Solutions (TSE:CEU) from a sector perform rating to an outperform rating in a research report report published on Monday morning, BayStreet.CA reports. The firm currently has C$3.50 price objective on the stock, up from their prior price objective of C$3.00.
A number of other research firms have also recently issued reports on CEU. National Bank Financial cut their price objective on CES Energy Solutions from C$5.00 to C$4.50 and set an outperform rating for the company in a report on Friday, August 9th. Canaccord Genuity cut their price objective on CES Energy Solutions from C$3.50 to C$3.25 in a report on Tuesday, July 9th. BMO Capital Markets cut CES Energy Solutions from an outperform rating to a market perform rating and dropped their target price for the company from C$4.00 to C$2.00 in a report on Friday, August 9th. Finally, Raymond James upgraded CES Energy Solutions from a neutral rating to a strong-buy rating and set a C$4.50 target price for the company in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of C$4.08.
Shares of TSE CEU opened at C$1.81 on Monday. The firm has a market capitalization of $504.96 million and a P/E ratio of 13.92. The company has a quick ratio of 2.10, a current ratio of 3.76 and a debt-to-equity ratio of 69.70. The stock’s 50-day simple moving average is C$2.09 and its two-hundred day simple moving average is C$2.57. CES Energy Solutions has a twelve month low of C$1.68 and a twelve month high of C$5.13.
CES Energy Solutions Company Profile
CES Energy Solutions Corp., together with its subsidiaries, provides consumable chemical solutions throughout the life-cycle of the oilfield. The company provides solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and through to the pipeline and midstream market.
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