Suncor Energy (SU) Stock Rating Reaffirmed by BMO Capital Markets

Suncor Energy (TSE:SU) (NYSE:SU)‘s stock had its “outperform” rating reaffirmed by equities research analysts at BMO Capital Markets in a research note issued on Monday. They presently have a C$52.00 target price on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 15.92% from the stock’s previous close.

Several other analysts also recently commented on the stock. Royal Bank of Canada lifted their target price on shares of Suncor Energy from C$45.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. GMP Securities lifted their target price on shares of Suncor Energy from C$42.00 to C$43.00 in a report on Thursday, November 16th. Barclays lifted their target price on shares of Suncor Energy from C$47.00 to C$49.00 in a report on Tuesday, October 10th. Raymond James Financial lifted their target price on shares of Suncor Energy from C$47.00 to C$52.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Finally, TD Securities downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating and set a C$50.00 target price for the company. in a report on Thursday, November 16th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$49.00.

Suncor Energy (TSE:SU) opened at C$44.86 on Monday. Suncor Energy has a 12-month low of C$36.09 and a 12-month high of C$46.66.

In other news, insider Michael Roderick Macsween sold 55,000 shares of the business’s stock in a transaction that occurred 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. Also, insider Mark Stephen Little sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of C$45.51, for a total transaction of C$45,510.00. Insiders sold a total of 76,100 shares of company stock valued at $3,440,074 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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