Suncor Energy (SU) Price Target Increased to C$56.00 by Analysts at National Bank Financial
Suncor Energy (TSE:SU) (NYSE:SU) had its price objective hoisted by investment analysts at National Bank Financial from C$49.00 to C$56.00 in a note issued to investors on Tuesday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 19.15% from the stock’s previous close.
Several other research analysts also recently commented on SU. JPMorgan Chase & Co. lifted their price target on Suncor Energy from C$39.00 to C$42.00 in a research report on Thursday, September 14th. Barclays lifted their price target on Suncor Energy from C$49.00 to C$50.00 in a research report on Friday, October 27th. GMP Securities lifted their price target on Suncor Energy from C$42.00 to C$43.00 in a research report on Thursday, November 16th. BMO Capital Markets lifted their price target on Suncor Energy from C$50.00 to C$52.00 in a research report on Thursday, November 16th. Finally, CIBC lifted their price objective on Suncor Energy from C$53.00 to C$55.00 in a report on Thursday, November 16th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Suncor Energy has a consensus rating of “Buy” and an average target price of C$49.58.
Suncor Energy (SU) opened at C$47.00 on Tuesday. The company has a market capitalization of $77,410.00, a P/E ratio of 21.76 and a beta of 0.48. Suncor Energy has a 1 year low of C$36.09 and a 1 year high of C$47.69.
In related news, insider Mark Stephen Little sold 1,000 shares of the business’s stock in a transaction on 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, insider Michael Roderick Macsween sold 55,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of C$46.00, for a total value of C$2,530,000.00. Insiders have sold a total of 56,100 shares of company stock worth $2,580,074 in the last three months.
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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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