COS Coverage Initiated at Morgan Stanley:Here's the Link,Oldtimer.
Canadian Oil Sands Coverage Initiated at Morgan Stanley (COS)
Posted by Nolan Pearson on Jul 23rd, 2014 //
Investment analysts at Morgan Stanley started coverage on shares of Canadian Oil Sands (TSE:COS) in a note issued to investors on Wednesday. The firm set an “overweight” rating and a C$26.00 price target on the stock. Morgan Stanley’s price objective indicates a potential upside of 9.20% from the company’s current price.
COS has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of Canadian Oil Sands from C$23.00 to C$25.00 in a research note on Monday. Separately, analysts at CIBC
raised their price target on shares of Canadian Oil Sands from C$22.50 to C$23.00 in a research note on Thursday, July 17th. They now have a “sector perform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Canadian Oil Sands from C$20.50 to C$25.00 in a research note on Monday, July 7th. They now have a “market perform” rating on the stock. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$24.05.
Shares of Canadian Oil Sands (TSE:COS) traded up 0.84% during mid-day trading on Wednesday, hitting $24.01. 553,557 shares of the company’s stock traded hands. Canadian Oil Sands has a 1-year low of $19.40 and a 1-year high of $24.68. The stock has a 50-day moving average of $23.74 and a 200-day moving average of $22.35. The company has a market cap of $11.635 billion and a P/E ratio of 14.01.
Canadian Oil Sands Limited is a pure investment opportunity in light, sweet crude oil. Through its 36.