Suncor Energy Inc. (SU) Price Target Increased to C$43.00 by Analysts at GMP Securities
SU has been the topic of a number of other reports. Barclays PLC raised their target price on Suncor Energy from C$47.00 to C$49.00 in a research note on Tuesday, October 10th. CIBC raised their target price on Suncor Energy from C$50.00 to C$53.00 in a research note on Tuesday, October 17th. TD Securities raised their target price on Suncor Energy from C$49.00 to C$50.00 and gave the company a buy rating in a research note on Thursday, October 26th. National Bank Financial cut their target price on Suncor Energy from C$50.00 to C$49.00 and set an outperform rating on the stock in a research note on Friday, October 13th. Finally, J P Morgan Chase & Co raised their target price on Suncor Energy from C$39.00 to C$42.00 in a research note on Thursday, September 14th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Suncor Energy has a consensus rating of Buy and an average price target of C$48.92.
Shares of Suncor Energy (TSE:SU) opened at C$45.21 on Thursday. Suncor Energy has a one year low of C$36.09 and a one year high of C$46.66.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Thursday, November 30th. Suncor Energy’s dividend payout ratio is currently 57.87%.
In other news, insider Steven Walter Williams bought 1,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were purchased at an average cost of C$39.39 per share, with a total value of C$39,390.00. Also, insider Michael Roderick Macsween sold 55,000 shares of Suncor Energy stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of C$46.00, for a total value of C$2,530,000.00. Over the last 90 days, insiders have purchased 3,539 shares of company stock worth $146,553 and have sold 76,100 shares worth $3,440,074.
About Suncor Energy
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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