11:53 AM EDT, 11/05/2021 (MT Newswires) -- RBC Capital Markets on Friday reiterated its Outperform rating on the shares of Canadian Natural Resources (CNQ.TO) and its C$60.00 target price after the country's largest oil producer reported third-quarter results and hiked its dividend.
"CNQ's move to raise its dividend 25% reflects underlying confidence in its operating/ financial performance, sustainable free cash flow generation, and shareholder alignment. We are reaffirming an Outperform recommendation on CNQ and our one-year price target of $60 per share. CNQ is our favourite producer and on both our Global Top 30 and Energy Best Ideas lists."
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 53.72, Change: +1.11, Percent Change: +2.11
Things better change or craig should be voted out. GLTALongs