CNQ Crosses Above Average Analyst Target
June 22, 2021 at 08:22 AM EDT
In recent trading, shares of Canadian Natural Resources Ltd (CNQ) have crossed above the average analyst 12-month target price of $34.77, changing hands for $36.34/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..