Suncor Energy (SU) Price Target Raised to C$52.00 at Raymond James Financial
Suncor Energy (TSE:SU) (NYSE:SU) had its price target raised by equities researchers at Raymond James Financial from C$47.00 to C$52.00 in a report issued on Monday. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s target price points to a potential upside of 16.72% from the stock’s previous close.
Several other brokerages have also weighed in on SU. TD Securities lowered Suncor Energy from a “buy” rating to a “hold” rating and set a C$50.00 price objective on the stock. in a report on Thursday, November 16th. CIBC lifted their price objective on Suncor Energy from C$53.00 to C$55.00 in a report on Thursday, November 16th. Royal Bank Of Canada lifted their price objective on Suncor Energy from C$47.00 to C$48.00 in a report on Thursday, November 16th. BMO Capital Markets lifted their price objective on Suncor Energy from C$50.00 to C$52.00 in a report on Thursday, November 16th. Finally, GMP Securities lifted their price objective on Suncor Energy from C$42.00 to C$43.00 in a report on Thursday, November 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$49.00.
Shares of Suncor Energy (TSE SU) traded down C$0.20 during trading hours on Monday, hitting C$44.55. The stock had a trading volume of 2,765,408 shares, compared to its average volume of 2,637,630. Suncor Energy has a one year low of C$36.09 and a one year high of C$46.66.
In other Suncor Energy news, insider Michael Roderick Macsween sold 55,000 shares of Suncor Energy stock in a transaction on 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. Also, insider Steven Walter Williams acquired 1,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was acquired at an average price of C$39.39 per share, with a total value of C$39,390.00. In the last 90 days, insiders have purchased 3,539 shares of company stock valued at $146,553 and have sold 76,100 shares valued at $3,440,074.
About Suncor Energy
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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