Canaccord Genuity Group Increases CES Energy Solutions (TSE:CEU) Price Target to C$4.50

CES Energy Solutions (TSE:CEUGet Rating) had its price target lifted by analysts at Canaccord Genuity Group from C$3.50 to C$4.50 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 56.25% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Scotiabank increased their price target on CES Energy Solutions from C$3.90 to C$4.35 in a report on Monday. Royal Bank of Canada increased their target price on CES Energy Solutions from C$3.50 to C$4.00 and gave the stock an “outperform” rating in a research note on Monday. ATB Capital boosted their target price on shares of CES Energy Solutions from C$4.25 to C$5.25 in a research note on Friday, August 12th. Stifel Nicolaus raised their price target on shares of CES Energy Solutions from C$3.75 to C$4.50 in a research note on Friday, August 12th. Finally, BMO Capital Markets boosted their price objective on shares of CES Energy Solutions from C$4.00 to C$4.50 in a research report on Friday, November 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CES Energy Solutions has a consensus rating of “Buy” and a consensus price target of C$4.44.

CES Energy Solutions Stock Performance

CES Energy Solutions stock opened at C$2.88 on Wednesday. The company has a debt-to-equity ratio of 95.92, a current ratio of 3.45 and a quick ratio of 1.78. The firm has a market capitalization of C$734.42 million and a P/E ratio of 11.08. CES Energy Solutions has a 1-year low of C$1.72 and a 1-year high of C$3.27. The company’s 50-day moving average is C$2.60 and its 200 day moving average is C$2.55.

About CES Energy Solutions

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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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Analyst Recommendations for CES Energy Solutions (TSE:CEU)

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