Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $35.77 on Canadian Natural Resources Limited (NYSE:CNQ) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $-0.61 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Canadian Natural Resources Limited (NYSE:CNQ) stands at N/A.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Canadian Natural Resources Limi, the PEG ratio for coming 3-5 years is -0.88.
The technical analysis highlights that Canadian Natural Resources Limi current is trading $0.56 points away or +1.77% from its 50-day moving average of $31.34. Further it is trading $3.50 or +12.31% away its 200-day moving average of $28.40.
The 52-week high of Canadian Natural Resources Limited (NYSE:CNQ) was $32.94 while lowest point recorded in 52-week was $14.60. It implies if stock price makes a movement of over $-1.04, it will record a new 52-week high. In the case of +118.49% drop, it will touch a new 52-week low.
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