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.
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.
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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