Suncor Energy (SU) Given New C$52.00 Price Target at Raymond James Financial

Suncor Energy (TSE:SU) (NYSE:SU) had its target price increased by Raymond James Financial from C$47.00 to C$52.00 in a research report report published on Monday. The brokerage currently has an outperform rating on the stock.

Several other brokerages also recently weighed in on SU. TD Securities downgraded shares of Suncor Energy from a buy rating to a hold rating and set a C$50.00 target price on the stock. in a research note on Thursday, November 16th. CIBC boosted their price target on shares of Suncor Energy from C$53.00 to C$55.00 in a report on Thursday, November 16th. Royal Bank Of Canada boosted their price target on shares of Suncor Energy from C$47.00 to C$48.00 in a report on Thursday, November 16th. BMO Capital Markets boosted their price target on shares of Suncor Energy from C$50.00 to C$52.00 in a report on Thursday, November 16th. Finally, GMP Securities boosted their price target on shares of Suncor Energy from C$42.00 to C$43.00 in a report on Thursday, November 16th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Suncor Energy has an average rating of Buy and an average price target of C$49.00.

Shares of Suncor Energy (TSE:SU) traded up C$0.13 on Monday, reaching C$43.89. 591,207 shares of the company traded hands, compared to its average volume of 2,510,000. Suncor Energy has a 1 year low of C$36.09 and a 1 year high of C$46.66.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Thursday, November 30th. Suncor Energy’s payout ratio is 57.87%.

In other Suncor Energy news, Director Jacynthe Cote purchased 2,000 shares of Suncor Energy stock in a transaction that occurred on Tuesday, September 19th. The stock was purchased at an average price of C$41.78 per share, for a total transaction of C$83,560.00. Also, insider Steven Walter Williams purchased 1,000 shares of Suncor Energy stock in a transaction that occurred 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 bought 3,539 shares of company stock valued at $146,553 and sold 76,100 shares valued at $3,440,074.

COPYRIGHT VIOLATION NOTICE: This story was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://www.com-unik.info/2017/12/05/suncor-energy-su-given-new-c52-00-price-target-at-raymond-james-financial.html.

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.

Analyst Recommendations for Suncor Energy (TSE:SU)

What are top analysts saying about Suncor Energy Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Suncor Energy Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit