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Raymond James raises Crew Energy stock price target to C$120 from C$115

Published 17/07/2025, 13:04
Raymond James raises Crew Energy stock price target to C$120 from C$115

Investing.com - Raymond (NSE:RYMD) James has raised its price target on Crew Energy (TSX:CR) (OTC:CWEGF) to C$120.00 from C$115.00 while maintaining an Outperform rating on the stock.

The price target increase represents a 21.75x price-to-earnings multiple applied to Raymond James’ 2026 earnings estimate for the company, up from the previous 21.0x multiple.

Raymond James noted that the five-year average P/E for Crew Energy stands at 13.5x, with the current target reflecting a premium valuation at 27.1x.

The firm attributed the higher valuation to Crew Energy’s "industry-leading operational performance" and "Kansas City Southern (NYSE:KSU) synergy potential."

Raymond James also cited the company’s "current outlook" as a factor in its decision to raise the price target while maintaining its Outperform rating.

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