Raymond James Financial Increases Suncor Energy (SU) Price Target to C$52.00
Suncor Energy (TSE:SU) (NYSE:SU) had its target price boosted by Raymond James Financial from C$47.00 to C$52.00 in a report published on Monday. They currently have an outperform rating on the stock.
SU has been the subject of a number of other research reports. National Bank Financial lowered their price target on Suncor Energy from C$50.00 to C$49.00 and set an outperform rating for the company in a research report on Friday, October 13th. J P Morgan Chase & Co boosted their price target on Suncor Energy from C$39.00 to C$42.00 in a research report on Thursday, September 14th. BMO Capital Markets boosted their price target on Suncor Energy from C$50.00 to C$52.00 in a research report on Thursday, November 16th. CIBC upped their target price on Suncor Energy from C$50.00 to C$53.00 in a research report on Tuesday, October 17th. Finally, TD Securities upped their target price on Suncor Energy from C$49.00 to C$50.00 and gave the stock a buy rating in a research report on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Suncor Energy has a consensus rating of Buy and a consensus price target of C$49.00.
Shares of Suncor Energy (TSE SU) opened at C$44.11 on Monday. Suncor Energy has a 1 year low of C$36.09 and a 1 year high of C$46.66.
In related news, insider Mark Stephen Little sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of C$45.51, for a total value of C$45,510.00. Also, Director Jacynthe Cote purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was acquired at an average price of C$41.78 per share, for a total transaction of C$83,560.00. Insiders sold 76,100 shares of company stock valued at $3,440,074 in the last ninety days.
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Suncor Energy Company Profile
Suncor Energy Inc is a Canada-based 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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