CES Energy Solutions (OTCMKTS:CESDF) Price Target Increased to C$3.60 by Analysts at Scotiabank

CES Energy Solutions (OTCMKTS:CESDFGet Rating) had its price target increased by equities research analysts at Scotiabank from C$3.30 to C$3.60 in a research note issued on Monday, The Fly reports.

CESDF has been the topic of a number of other research reports. National Bank Financial cut shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 4th. Stifel Nicolaus upped their target price on shares of CES Energy Solutions from C$3.00 to C$3.25 in a research note on Monday, March 14th. BMO Capital Markets upped their target price on shares of CES Energy Solutions from C$2.50 to C$3.50 in a research note on Friday, March 11th. Canaccord Genuity Group upped their target price on shares of CES Energy Solutions from C$3.50 to C$4.00 and gave the company a “buy” rating in a research note on Friday, April 22nd. Finally, TD Securities boosted their price target on shares of CES Energy Solutions from C$4.75 to C$5.00 in a research report on Friday. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $3.40.

Shares of OTCMKTS:CESDF traded up $0.18 on Monday, hitting $1.93. 78,800 shares of the company were exchanged, compared to its average volume of 41,920. The company’s 50 day moving average price is $1.99 and its two-hundred day moving average price is $1.80. CES Energy Solutions has a one year low of $1.10 and a one year high of $2.46.

CES Energy Solutions Company Profile (Get Rating)

CES Energy Solutions Corp., together with its subsidiaries, designs, implements, and manufactures advanced consumable fluids and specialty chemicals. It provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets. The company's solutions include corrosion inhibitors, demulsifiers, H2S scavengers, paraffin control products, surfactants, scale inhibitors, biocides, and other specialty products.

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